Court finds south-west Sydney car dealership and former director engaged in unlicensed lending and charged unlawful fees

26-114MR

court order9 June 2026

Respondent

Diamond Wheels Pty Ltd

Facts

The Federal Court has found Diamond Wheels Pty Ltd, trading as Lansvale Motor Group, and Keo Automotive Pty Ltd provided car loans to consumers without a credit licence and charged consumers unlawful and excessive interest charges.

Outcome

Federal Court liability finding: Diamond Wheels Pty Ltd (trading as Lansvale Motor Group) admitted, and the Court found, that it provided car loans without a credit licence and charged unlawful interest; Keo Automotive Pty Ltd and director Ken Keomanivong were also found liable. Penalty and other relief are still to be decided; the penalty hearing (first listed for 20 August 2026) is listed for 3 and 4 November 2026. 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/26-114mr-court-finds-south-west-sydney-car-dealership-and-former-director-engaged-in-unlicensed-lending-and-charged-unlawful-fees

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