Betterlife Corporation Limited was ordered to pay a penalty of $73,500 following admissions it had breached ss 17 and 32(1)(c) of the CCCFA as its consumer credit contracts failed to provide adequate disclosure and was not clear, concise and presented in a manner likely to bring the required information to the attention of a reasonable person.
PartiesBetterlife Corporation Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act ss 17, 32(1)(c)