Westphalia Banking Corporation

Question:
Westpac Banking Corporation case study (30 marks)
Please read the following news link (regarding Westpac Banking Corporation and a potential class action as regards the
bank’s lending practices):-
https://www.abc.net.au/news/2019-02-21/westpac-faces-class-action-over-irresponsible-lending/10830792
Having read the link and other significant documents (for example from the Banking Royal Commission), write a brief report
of those developments and what are the alleged legal issues? Do NOT make any judgments (especially not about the
people involved) but do show an understanding of what has allegedly occurred and why it is legally significant. (10 marks)
Which regulatory authority(ies) might be involved in any possible investigation and why? (10 marks)
What is the relevance of the matter and its resolution to this corporations law course? (10 marks)