Australian Securities and Investments Commission v Kobelt’ [2019] HCA 18

Australian Securities and Investments Commission v Kobelt’ [2019] HCA 18 Journal Article

Bar News: The Journal of the NSW Bar Association

• Author(s): Chordia, Shipra
• Published: 2019
• Volume: Summer 2019
• ISBN: 0817-0002

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Abstract: In 'Australian Securities and Investments Commission v Kobelt' [2019] HCA 18, the High Court held by a majority of 4-3 that the provision of credit to residents of remote Aboriginal communities in the Anangu Pitjantjatjara Yankunytjatjara (APY lands) in far north South Australia pursuant to a particular form of the 'book-up' method was not unconscionable within the meaning of s 12CB(1) of the 'Australian Securities and Investment Commissions Act 2001' (Cth) (ASIC Act).

• Urls: https://search.informit.com.au/documentSummary;dn=913654817025504;res=IELHSS
• Keywords: Banks and banking--Economic aspects, Financial services industry, Consumer credit, Aboriginal Australians--Services for, Aboriginal Australians--Social life and customs, Judgments