Royal Commission into Misconduct in the Banking, Superannuation and Financial Services - Law Assignment Help

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Assignment Task
 

Your written memorandum must answer the following question:
What was the basis for the making of the Recommendation and what has been done to date in furtherance of the Recommendation?

RECOMMENDATION - Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry 1 February 2019.

Recommendation 1.13 – Charging default interest The ABA should amend the Banking Code to provide that, while a declaration remains in force, banks will not charge default interest on loans secured by agricultural land in an area declared to be affected by drought or other natural disaster.

 

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