Smart Shop Limited t/a Smart Store
Smart Shop Limited was ordered to pay a penalty of $135,000 following admissions it had breached ss 17 and 22 of the CCCFA for failing to provide adequate disclosure. It also admitted to breaching s 13(i) of the FTA for misleading borrowers about their rights and s 36U for failing to disclose to consumers the required information about their extended warranty agreements.
Case Details
Parties
Smart Shop Limited t/a Smart Store
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 17, 22, Fair Trading Act 1986 13(i), 36U
Industry
Financial and insurance services
Status
Closed
Outcome
Judgment
Case Number
Date opened
30 September 2016
Date closed
30 September 2016
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