ASIC v Kobelt

High Court on unconscionable conduct

The High Court (by majority) has rejected a claim that Kobelt's provision of 'book-up' credit to a remote indigenous community was unconscionable conduct pursuant to s 12CB of the Australian Securities and Investments Commission Act 2001 (Cth) (‘ASIC Act‘)

See Australian Securities and Investments Commission v Kobelt [2019] HCA 18 (12 June 2019).

For a great overview see Katy Barnett, 'Australian Securities and Investments Commission v Kobelt' (Opinions on High blog, 20 June 2019).