ANZ are saying once they were lodged w ANZ "they owned them" absolutely
So ANZ didnt notify ASX wrt to "Ownership" for up to 4 yrs This silence causes the scheme to get off the ground
ANZ didnt understand its tax position and were silent This silence causes the scheme to get off the ground
ANZ executives Co Marketed w Opes and were silent on "ownership" being absolutely transferred Their participation and silence causes the scheme to get off the ground
Contributory negligence comes to mind
Or was it just a fancy margin loan really..with ANZ recognising beneficial ownership resided with the client
So by their actions(estoped) , they thought at the time it was this is how it worked And the plods at ANZ Insitutional Lending didnt understand it either..
I cant believe ANZ would actually be negligent for say 250 substantial shareholder notices (inc adjustments) and about 7 positions over 20%
