There are significant risks around the ASIC issue: If the...

There are significant risks around the ASIC issue:
If the finding is consumer based loans: then because SIV didn't hold a consumer loan license, then are the underlying loans illegal, following from this: the loan contracts are void, so does SIV have to return any money lent (even if it was repaid?).

So its not just the ASIC fine that is the risk.

Next is the risk of class actions.

This issue is going to act as a drag on Silver Chef for the next couple of years I think, ASIC issues of this type don't go away quickly.