The Supreme Court of Queensland has ordered the Bank of Queensland to reveal documents pertaining to its lending practices in two branches while seeking legal action on the collapsed Storm Financial.

The bank has refused to conceal the documents in the past and claimed they were irrelevant, but now are forced by the court to show them publicly. These documents contain reviews of lending procedures at the Kirwan and North Ward branches in Townsville, before the financial planning company went to a downfall.

The documents also include fraud and financial crime reports, compliance checks, audit reports, and operational risk reports.

Slater & Gordon lawyer representative Ben Hardwick stressed that revealing the documents may provide valuable insights into what the bank knew on the inside operations by Storm and what the company advisers have told their clients.

"These documents may be relevant to the bank's compliance with its own lending procedures and its state of knowledge in relation to Storm's investment model,” Mr Hardwick said in a statement.

The lawyer also points out that the documents may also shed some light on the case against the bank being run by Slater & Gordon on behalf of Helen Rubin, who had a case filed in the Supreme Court in August 2009.

Ms. Rubin claimed the bank behaved in a misleading conduct where Storm is involved, including representations and silence about the risks linked with Storm investments.

However, the bank defends that it has no obligations to warn about the Storm risks.

It also argued that Ms. Rubin's losses were a result of her decision to increase the amount she had borrowed under margin loans.