And ASIC sought copies of some of those contracts; is that correct?They did. They asked on the 7th, yes. Now you exhibit one of the requests to your statement. That’s exhibit 13, Mr Kluss. That’s SUN.1101.0002.0766?Sorry, what was the number again? Now, there’s an email at the front?Yes. Which is from an ASIC representative then there’s a letter attached to that email, Mr Kluss and that is SUN.1101.0002.0766. Do you see that?I’ve got that. Thank you. I will just call that doc ID again. It’s SUN.1101.0002.0766. Sorry. If it can’t be brought up, Mr Kluss, I will take you through it?Yes, okay. Now, that’s a letter dated 7 September 2016?Yes. You can see that?Yes. And there’s a paragraph there, thank you, in the middle where it says: ASIC has been working with industry and businesses and has released guidelines to help them understand the new protections and how they may be impacted by them. ASIC has conveyed its expectations to industry that industry start reviewing standard form contracts before the commencement date. And then there’s a list of some of the terms that ASIC has concerned about. You can see that there?Yes. Down the bottom of the letter sorry, I should have said this: – To this end, we request that you provide us with a copy of your standard form lending agreement. And you exhibit the response that was made to that request on 14 September 2016. That’s exhibit 14, and that is SUN.1101.0002.0558, 19 October?Yes. Got that. 14 September ?Yes. sorry, where Mr Turner says from Suncorp to the ASIC representative: Please find attached. ?That’s right. Yes. And then ASIC then wrote back to Suncorp on the 19th, seeking further information. There’s a letter attached to that exhibit, Mr Kluss, and that’s dated 19 October. Can you see that, SUN.101.0002.0561?Yes, I can see that.
And ASIC sought copies of some of those contracts; is that correct?They did. They asked on the 7th, yes. Now you exhibit one of the requests to your statement. That’s exhibit 13, Mr Kluss. That’s SUN.1101.0002.0766?Sorry, what was the number again? Now, there’s an email at the front?Yes. Which is from an ASIC representative then there’s a letter attached to that email, Mr Kluss and that is SUN.1101.0002.0766. Do you see that?I’ve got that. Thank you. I will just call that doc ID again. It’s SUN.1101.0002.0766. Sorry. If it can’t be brought up, Mr Kluss, I will take you through it?Yes, okay. Now, that’s a letter dated 7 September 2016?Yes. You can see that?Yes. And there’s a paragraph there, thank you, in the middle where it says: ASIC has been working with industry and businesses and has released guidelines to help them understand the new protections and how they may be impacted by them. ASIC has conveyed its expectations to industry that industry start reviewing standard form contracts before the commencement date. And then there’s a list of some of the terms that ASIC has concerned about. You can see that there?Yes. Down the bottom of the letter – sorry, I should have said this: To this end, we request that you provide us with a copy of your standard form lending agreement. And you exhibit the response that was made to that request on 14 September 2016. That’s exhibit 14, and that is SUN.1101.0002.0558, 19 October?Yes. Got that. 14 September ?Yes. sorry, where Mr Turner says from Suncorp to the ASIC representative: Please find attached. ?That’s right. Yes. And then ASIC then wrote back to Suncorp on the 19th, seeking further information. There’s a letter attached to that exhibit, Mr Kluss, and that’s dated 19 October. Can you see that, SUN.101.0002.0561?Yes, I can see that.
transcript-31-may-2018.docx