Mobile Shop Limited

Mobile Shop Limited was fined $330,000 and ordered to pay $10,800 in statutory damages after pleading guilty to 24 charges for breaching section 17 of the Credit Contracts and Consumer Finance Act 2003 (CCCFA) for failing to disclose to debtors key information required under Schedule 1 of the CCCFA; section 32(1)(c) of the CCCFA for failing to provide disclosure which was clear, concise and presented in a manner likely to bring the required information to the attention of a reasonable person; and section 13(i) of the Fair Trading Act 1986 for making false or misleading representations about debtors' rights under the Consumer Guarantees Act. Note, the penalty awarded for the section 13(i) Fair Trading Act 1986 conduct is $16,100 for each of the 12 charges, totalling $193,200 rather than $145,000 as identified at [17] of the judgment.