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AAP
AAP
Andrew Brown and Tess Ikonomou

ASIC in 'shameful' conduct towards farmers over banks

Farmers have told an inquiry about the tactics employed by banks in repossessing their properties. (Dan Peled/AAP PHOTOS)

The country's corporate regulator has acted "shamefully" by failing to investigate dozens of complaints of banking misconduct against farmers, an inquiry has been told.

A Senate committee examining the Australian Securities and Investments Commission (ASIC) was told the body had declined to look into systemic complaints against banks in relation to farms being repossessed.

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