Australian Securities and Investments Commission v Membo Finance Pty Limited (No 2) [2023] FCA 126

FEDERAL COURT OF AUSTRALIA

Australian Securities and Investments Commission v Membo Finance Pty Limited (No 2) [2023] FCA 126 File number: NSD 209 of 2021

Judgment of: YATES J

Date of judgment: 23 February 2023

Catchwords: CONSUMER LAW – relief – admitted contraventions of National Consumer Credit Protection Act 2009 (Cth) and National Credit Code – where applicant seeks declarations, pecuniary penalties and injunctions in relation to each respondent – where each respondent consents to all relief sought – whether appropriate to impose a single pecuniary penalty for multiple contraventions – relief sought granted

Legislation: Corporations Act 2001 (Cth) s 912A Federal Court of Australia Act 1976 (Cth) s 21 National Consumer Credit Protection Act 2009 (Cth) ss 47, 166, 167, 167A, 167B, 169, 177, 330, Sch 1 (National Credit Code) ss 72, 87, 88 Federal Court Rules 2011 (Cth) r 30.01 National Consumer Credit Protection Regulations 2010 (Cth) reg 36

Cases cited: Australian Securities and Investments Commission v Rent 2 Own Cars Australia Pty Ltd [2020] FCA 1312; 147 ACSR 598 Australian Building and Construction Commissioner v Construction, Forestry, Mining and Energy Union [2017] FCAFC 113; 254 FCR 68 Australian Securities and Investments Commission v Camelot Derivatives Pty Ltd (in liq) [2012] FCA 414; 88 ACSR 206 Australian Securities and Investments Commission v Westpac Banking Corp (No 2) [2018] FCA 751; 266 FCR 147 Commonwealth v Director, Fair Work Building Industry Inspectorate [2015] HCA 46; 258 CLR 482 RHG Mortgage Corp Ltd v Saunders [2016] NSWSC 929