Australia: ASIC public lawsuit against PayPal for allegedly using an unfair contract term with small businesses
Progress
Current status
in force
05 Jul 2024 in force
07 Sep 2023 under deliberation
Scope
Implementers
Australia
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
executive
Government Body
court
other regulatory body
Implementation Level
national
Timeline of events
Issued Federal Court ruling in ASIC public lawsuit against PayPal for using an unfair contract term with small businesses
On 5 July 2024, the Australian Securities and Investments Commission (ASIC) announced that the Federal Court of Australia issued a ruling, declaring a term used by PayPal Australia in its standard form contracts with small businesses to be unfair. T…
SourceEvent type
public lawsuit
Action type
ruling
Government branch
judiciary
Government body
court
Filed ASIC public lawsuit against PayPal for allegedly using unfair contract terms with small businesses
On 7 September 2023, the Australian Securities and Investments Commission (ASIC) filed a public lawsuit against PayPal for allegedly using an unfair contract term with small businesses. In particular, ASIC has initiated legal proceedings against Pay…
SourceEvent type
public lawsuit
Action type
announcement
Government branch
executive
Government body
other regulatory body