Court urged to reject $35M Westpac settlement with ASIC

Financial Services 2018-10-24 8:17 pm By Miklos Bolza | Sydney

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Former Solicitor-General Justin Gleeson, SC, told a Federal Court judge Wednesday to reject a proposed $35 million deal between ASIC and Westpac, saying the bank should pay at least $100 million if it committed the responsible lending breaches alleged by the regulator.

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