• ASIC ordered $35 million penalty on Harvey Norman
• Latitude Financial Services ordered to pay $20 million
• Both to share ASIC's costs equally
• Required to publish adverse notice on website

On 28 July 2026, the Federal Court of Australia delivered judgment in the case brought by the Australian Securities and Investments Commission (ASIC) against Harvey Norman Holdings Limited. The court ordered the company to pay a pecuniary penalty of $35 million, Latitude Financial Services to pay $20 million, and both to share ASIC's costs equally. Additionally, Harvey Norman is required to publish an adverse publicity notice on its website. The company had already recognized accruals of $16.2 million in anticipation of this outcome and expects to recognize further expenses for the balance of the amounts payable.

Harvey Norman to recognize further expense for the balance of amounts payable.

Harvey Norman will comply with the court's orders and publish the required notice on its website.