Federal Court orders $33.5 million penalty against Snaffle operator for inflating prices and overcharging on credit contracts

26-099MR

civil penalty18 May 2026Penalty $33.50M

Respondent

Walker Stores Pty Ltd

Facts

The Federal Court has ordered a $33.5 million penalty against online retailer Walker Stores Pty Ltd (in liquidation), which traded as Snaffle, for unlawfully overcharging tens of thousands of consumers under credit contracts.

Outcome

ASIC civil penalty of $33,500,000 — Walker Stores Pty Ltd (2026-05-18). See the ASIC source for the full terms.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-099mr-federal-court-orders-335-million-penalty-against-snaffle-operator-for-inflating-prices-and-overcharging-on-credit-contracts

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