yes the nominee companies when the banks owned the loans that owned the shares, individual shareholders never had control over their shares.... this will open up exposure to ANZ and opus in terms of not meeting disclosure requirements. Its the two differences of law that might allow slighted shareholders to sue ANZ - as seems to be happening by calss action suits ( of course this is just my opinion im no expert in law just what ive read in media articles)
But if anything gets to the high court it might if the judgement goes against existing legal precedent that the federal government may have to make legislative changes
