Harvey Norman and Latitude ordered to pay combined $55 million penalties for misleading customers

26-171MR

civil penalty28 July 2026Penalty $20.00M

Respondent

Latitude Finance Australia

Facts

The Federal Court today imposed penalties of $35 million against Harvey Norman Holdings Ltd and $20 million against Latitude Finance Australia for misleading conduct and false or misleading representations they made in a national advertising campaign promoting a 60-month interest free and no deposit payment method for goods purchased at Harvey Norman stores.

Outcome

ASIC civil penalty of $20,000,000 — Latitude Finance Australia (2026-07-28), plus corrective advertising orders, for misleading conduct and false or misleading representations in a national advertising campaign for a 60-month interest-free, no-deposit payment method at Harvey Norman stores. Co-respondent Harvey Norman Holdings Ltd was ordered to pay $35 million ($55 million combined). 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/26-171mr-harvey-norman-and-latitude-ordered-to-pay-combined-55-million-penalties-for-misleading-customers

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