Court of Appeal dismisses Harmoney's appeal 

  • Jul 12, 2020 NZST
  • Team Kalkine
Court of Appeal dismisses Harmoney's appeal 

Harmoney Limited was appealing the High Court's findings that Harmoney's "platform fee" is a credit fee as per the Credit Contracts and Consumer Finance Act 2003 (CCCF Act). The Court of Appeal has rejected the appeal and supported the Commerce Commission's cross-appeal.

The judgment issued on 8 July confirms that the company is a creditor and its contracts are consumer credit contracts that are subject to the CCCF Act's requirements. Also, its platform fee is required by the CCCF Act to be reasonable.





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