Australia: Securities and Investments Commission lawsuit against Snaffle over alleged consumer credit violations (Case No. VID647/2025)
Progress
Current status
in force
18 May 2026 in force
21 May 2025 under deliberation
Scope
Implementers
Australia
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
platform intermediary: e-commerce
Government Branch
judiciary
Government Body
court
Implementation Level
national
Timeline of events
Federal Court issued penalty of AUD 33.5 million against Snaffle over consumer credit violations
On 18 May 2026, the Federal Court ordered a penalty of AUD 33.5 million against Snaffle for inflating prices and overcharging on credit contracts. The Court found that Walker Stores, the operator of Snaffle, contravened the National Consumer Credit …
Event type
public lawsuit
Action type
ruling
Government branch
judiciary
Government body
court
Australian Securities and Investments Commission filed lawsuit against Snaffle over alleged consumer credit violations
On 21 May 2025, the Australian Securities and Investments Commission (ASIC) filed an application in the Federal Court of Australia against Walker Stores, trading as "Snaffle", a buy-now-pay-later online retailer. ASIC alleged that Walker Stores cont…
Event type
public lawsuit
Action type
announcement
Government branch
judiciary
Government body
court