Sept 4 (Reuters) - AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION (ASIC):
* COMMENCED PROCEEDINGS IN FEDERAL COURT OF AUSTRALIA AGAINST BANK OF QUEENSLAND CONCERNING UNFAIR CONTRACT TERMS IN SMALL BUSINESS CONTRACTS
* STARTED PROCEEDINGS IN FEDERAL COURT OF AUSTRALIA AGAINST BENDIGO AND ADELAIDE BANK CONCERNING UNFAIR CONTRACT TERMS IN SMALL BUSINESS CONTRACTS
* IF THE COURT AGREES WITH ASIC, THE SPECIFIC TERMS WILL BE VOID & UNENFORCEABLE BY BOQ AND BEN IN THESE RESPECTIVE CONTRACTS