-Not sure if they conceded they may have avoided something worse -ASIC does indeed have to make its case and it is contained in the Statement of Claim, which is clear and unambiguous. It may be open to Money 3 / Solvar to disprove the evidence that ASIC has put forward. If so, there is going to be major fireworks IMO -The Credit Licensee has ultimate responsibility for granting a loan. If the source of the loan is a broker, they must also be licenced and conduct themselves in keeping with the Act, but ultimate responsibility lies with the Licensee -The Credit Act is prescriptive. The Licensee is responsible for the conduct of its employees
SVR Price at posting:
$1.36 Sentiment: None Disclosure: Not Held
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