Yes, in probably was the prospect of ASIC action that forced ANZ to the table. Somehow I don't think it was the cases like beconswood, or the struck out cases from SG & IMF that had ANZ shaking in their boots.
The reality is there is some more funds that can be put into the pool to make up for the fee gouging from both IMF and S&G.
The scheme now stands ready for a vote. IMF & S&G are out of the game, so a new group can now move to ask for these funds to be put back into the pool. Is is likely with enough pressure, the court would also request in fairness for this to occur.
Voting down is not really an option, but more can be done before the vote if a new camp with enough power is formed.
Or, the alternative is just rollover like pansy.
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