Australia: Issued Federal Court ruling in ASIC public lawsuit against PayPal for using an unfair contract term with small businesses
Description
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…
Scope
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
judiciary
Government Body
court