Overview (Solvar needs to put up good fight to win this case or at least get away with light material impact )
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The Full Federal Court handed down its judgment in the ASIC v Money3 case on June 5, 2025. The court's decision was to allow Money3's cross-appeal and dismiss ASIC's appeal.
The matter had been before the court for some time, with various hearings and proceedings leading up to the final judgment. The case involved allegations that Money3 had breached its responsible lending obligations.
For a more detailed understanding of the case and the court's reasoning, you can consult the full judgment, which is available online
on the Federal Court of Australia's website.
(20min delay)