Dolbak Finance Limited was prosecuted by the Commission in relation to two breaches, one under the Fair Trading Act 1986 and one under the Credit Contracts and Consumer Finance Act 2003. The breaches related to the failure to advise borrowers of the costs of repossession and the failure to disclose of annual interest rates respectively. Dolbak Finance Limited pleaded guilty to both charges and the company was fined $1,000 on each charge.
PartiesDolbak Finance Limited
Category
Consumer credit
Sub-category
Act/Section
Fair Trading Act s 13(i); Credit Contracts and Consumer Finance Act s 17
