ANZ Discrimination Questions

1. Does ANZ do charge interest in loan account only once in 6 months for ALL customers?
2. If they do it to only some, do they disclose this to other customers?
3. If it is for some employees, DOES ALL bank employees get the same benefit?
4. Does all employees get the same benefit if they work for ANZ
5. Can others join in partnership with such people to get the benefit
6. THE BENEFIT IS HUGE
7. So getting answers are important

1. Since all computerised calculation of interest, there could be no error of human bias etc., so regarding the calculation amount of interest there could never be a dispute unless for computer malfunctioning!
2. The logic applied and ensuring the logic complies with intentions of law, brings in the defect; that is the subject matter today.

I am bringing before you a defect, that existed, exist and will exist (if uncorrected) that the legislature is NOT planning to correct (that is the only law other law making body in this country).

In any loan contract only 2 possibilities exist;

(1) Borrower is a defaulter or

(2) Borrower has paid off.

In case 2 since the borrower has paid off the loan, borrower takes no interest to check and verify what is in the agreement (leave alone about the borrower reading any of these agreements when they sign)

In case 1 since the borrower is a defaulter brought to this court as a defaulter. Neither the defaulter has skills & knowledge to check the agreement nor the court need to take any initiative to check if the borrower could be right and lender is using high handed behaviour through their terms in the contracts making borrower to go bankrupt. Please note insolvency rate is Australia is high!!

This is the reason why this defect in the contract existed all this time!

Ability to pay off the loan, in my view, does not justify the defects in the contact!!

Discriminative;

ANZ has charged a customer interest once in 6 months on a loan the customer took around the time of my loan.

This is like taking money from X and giving to Y. I have no idea who gave the bank this authority to do so!