I have checked out the Ausbanc site and even e mailed them but they have no lawyers who speak English so it was a bit difficult. All I would like to know is whether anyone has any experience of placing the matter in the hands of a lawyer to deal with and whether the procedure usually takes this long. I do not have to pay anymore more money to the lawyers until or if they succeed in getting the clause removed as so many other people seem to have done.
As is usual when you take out a mortgage, of course the agreement was signed but, as has been decided by the supreme court, the agreements were quite often not clear enough and too much in favour of the banks. Why would you have thought otherwise??