In Lomax v National Australia Bank Ltd (Human Rights)  VCAT 348 the Victorian Civil and Administrative Tribunal dismissed a claim by a 66 year old customer of NAB that NAB engaged in age discrimination when his finance proposals were rejected. The Tribunal particularly reviewed ASIC’s Regulatory Guide 209.
The customer had applied for an injunction against NAB taking enforcement action in respect of a business line of credit account which was in default. NAB had already given the customer temporary hardship relief after his business fell into financial difficulty.
The customer said that the bank’s lending guidelines for a […]