Credit Clear Responds to ACCC Proceedings
Key points
- Credit Clear's subsidiaries face ACCC proceedings for alleged consumer law breaches
- ARMA and Force Legal deny the allegations and plan to defend the proceedings
- Allan Myers AC KC engaged to represent the subsidiaries
- Company emphasizes commitment to compliance and consumer rights
Full summary
Credit Clear Limited (ASX: CCR) announced that the Australian Competition and Consumer Commission (ACCC) has initiated legal proceedings against its subsidiaries, ARMA Group Holdings Pty Ltd and Force Legal Pty Ltd, for alleged contraventions of the Australian Consumer Law. The proceedings cover debt collection communications sent to certain consumers from 6 February 2022 to 26 September 2025. Credit Clear, ARMA, and Force Legal deny the allegations and intend to defend the proceedings. They have cooperated with the ACCC throughout the investigation and will continue to engage constructively through the Court process. Allan Myers AC KC has been engaged to represent ARMA and Force Legal. The company emphasizes its commitment to compliance and consumer rights.
Guidance
Not yet possible to determine financial implications from the proceeding
Outlook
Credit Clear, ARMA, and Force Legal deny the allegations and plan to defend the proceedings
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