Harvey Norman Penalised $35 Million in ASIC Court Case

Harvey Norman Fined $35 Million for ‘Seriously Misleading’ Ads

Misleading ads telling millions of Australians about “interest-free” offers have triggered the largest fines of their type in corporate history. Major retailer Harvey Norman and credit card issuer Latitude Financial Services were fined $35 million (US$24.5 million) and $20 million respectively by the Federal Court on July 28 for publishing thousands of unlawful ads over 19 months. The pair teamed up in 2020 to promote the purchase of home and el…

Harvey Norman fined $35m for 'seriously misleading' ads

A finance giant and a major retailer beamed thousands of unlawful, misleading ads into Australians' loungerooms, causing "financially unquantifiable" harm.

Giant retailer and finance provider slapped with $55m fine

ASIC chair Sarah Court described the penalties and order as a “significant outcome for consumers”.

Judge slams Harvey Norman boss, orders $55m fine over misleading ads

A Federal Court judge has condemned Gerry Harvey’s “complete disregard” for potential harm to consumers from a deceptive ad campaign run alongside lender Latitude.

Harvey Norman, Latitude issued $55m penalty for misleading ad campaign

The two businesses misled customers into taking out credit cards and paying additional fees in a 60-month interest-free payment scheme, the corporate regulator says.

Gerry Harvey branded the legal system unjust. It has come back to bite him

The Federal Court has hit Harvey Norman with a $35 million penalty for running misleading ads – much more than the $20 million slapped on its partner company.