Court orders CashnGo to pay $3.5 million penalty for unfair contract terms

26-203MR

civil penalty2 Sept 2026Penalty $3.50M

Respondent

Venture 5 Group Pty Ltd

Facts

The Federal Court has imposed a penalty of $3.5 million against Venture 5 Group Pty Ltd (trading as CashnGo) regarding its use of, and reliance on, unfair contract terms in more than 47,000 standard form small amount credit contracts (SACCs) with consumers.

Outcome

ASIC civil penalty of $3,500,000 — Venture 5 Group Pty Ltd (2026-09-02). 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/26-203mr-court-orders-cashngo-to-pay-35-million-penalty-for-unfair-contract-terms

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