Description

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 …

Scope

Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
platform intermediary: e-commerce
Implementation Level
national
Government Branch
judiciary
Government Body
court

Complete timeline of this policy change

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2025-05-21
under deliberation

On 21 May 2025, the Australian Securities and Investments Commission (ASIC) filed an application in…

2026-05-18
in force

On 18 May 2026, the Federal Court ordered a penalty of AUD 33.5 million against Snaffle for inflati…