ASIC launches legal action against Harvey Norman, Latitude for misleading advertising

October 5, 2022 8:59

The Australian Securities & Investment Commission (ASIC) has launched legal action against Latitude Finance Australia and Harvey Norman Holdings Ltd for advertising that promoted interest-free payment methods.

The corporate regulator alleged that from January 2020 to August 2021, advertisements promoting ‘no deposit’, ‘interest free’ payment methods over a specified term for purchases at Harvey Norman were misleading because they did not disclose that consumers could only use the interest-free payment method if they applied for and used a Latitude GO Mastercard.

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Emma Shepherd

Emma Shepherd was the acting deputy editor at Mumbrella who has over seven years of print and digital experience in the industry and has previously worked as a reporter for media outlets Bauer Media (now Are Media), Yahoo Australia, and a content strategist and writer for various independent marketing agencies.

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