It's a complete farce and seems to be making things more difficult for both Opes clients and ANZ (as did Da Pedant's rulings).
It seems only ANZ can end this now. $585m at March 27 values keeps them out of the courts for the next 3-5 years. I guess they will be asking themselves, what price their reputation at a time when the Big4 are competing for customers forced to consider them again over the smaller players disaffected by the credit crunch. No wonder CBA is flying. ANZ will suffer until they rid themselves of their Opes scourge and only Mike Smith can make that happen.
opes, page-54
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