There are multiple Supreme Court actions against Bankwest in NSW alone.
Banking Sector Senate Inquiry
Terms of Reference
Established 14 March 2012
a) The impact of international regulatory changes on the Australian Banking Sector, particularly including changes to liquidity and capital holding requirements;
b) The impact on relative shares of specific banking markets;
c) The current cost of funds for lending purposes;
d) The impact on borrowing and lending practices in the banking sector both during and since the Global Financial Crisis;
e) The need for further consideration of the state of the broader finance and banking sector; andf) Any other relevant matters
Bankwest in Litigation- look at the matters Listed in supreme court NSW this week alone.
Find the cases via the court search buttons.
To view this week’s matters- click on the link below, type “bank of western australia” select date-“All Weeks” and then click the search button.
STATE BY STATE
|QLD||Post CBA court cases: 163
||Prior CBA purchase: 19|
|VIC||Post CBA court cases: 233
||Prior CBA purchase: 86|
|WA||Post CBA court cases: 39
||Prior CBA purchase: 7|
|TAS||Post CBA court cases: 4||Prior CBA purchase: 1|
Note: Since when CBA took control on 19 Dec 2008, court cases exploded right across Australia. THE PATTERN APPEARS TO SPEAK FOR ITSELF
CRIMES ACT 1900 – SEC 192G
Intention to defraud by false or misleading statement
192G Intention to defraud by false or misleading statement
A person who dishonestly makes or publishes, or concurs in making or publishing, any statement (whether or not in writing) that is false or misleading in a material particular with the intention of:
(a) Obtaining property belonging to another, or
(b) obtaining a financial advantage or causing a financial disadvantage,
is guilty of an offence. Maximum penalty: Imprisonment for 5 years.
CORPORATIONS ACT 2001 – SECT 184
Good faith, use of position and use of information–criminal offences
Good faith–directors and other officers
(a) are reckless; or
(b) are intentionally dishonest;
and fail to exercise their powers and discharge their duties:
(d) for a proper purpose.
CORPORATIONS ACT 2001 – SECT 182
Use of position–civil obligations
Use of position–directors, other officers and employees
(a) gain an advantage for themselves or someone else; or
CORPORATIONS ACT 2001 – SECT 420A
Controller’s duty of care in exercising power of sale
(a) if, when it is sold, it has a market value–not less than that market value; or
(b) otherwise–the best price that is reasonably obtainable, having regard to the circumstances existing when the property is sold.