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ASIC defends steaks and red wine appeal

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The Australian Securities and Investments Commission (ASIC) has been forced to defend its performance in the"Wagyu and shiraz" case that saw its arguments that Westpac broke responsible lending laws close to 300,000 times dismembered by a Federal Court judge.

ASIC chairman James Shipton said "If issues are left too wide open, standards can drop.” James Alcock

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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com

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