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ASIC loses patience with BOQ and Bendigo

ASIC will seek a Federal Court declaration that the same terms in the banks' contracts will also be unfair in any other small business contract.

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The corporate watchdog isn’t just honing its enforcement approach in the wake of the royal commission. It’s also appears to be working on getting its sense of dramatic timing just right.

For proof, just look at the latest legal bomb lobbed by the Australian Securities and Investment Commission’s (ASIC) enforcement tsar, Daniel Crennan QC.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/asic-loses-patience-with-boq-and-bendigo-20190904-p52ntz