Full Court Minute Books

Case M219/2015

Paciocco & Anor v. Australia and New Zealand Banking Group Limited

Case No.

M219/2015 & M220/2015

Case Information

Lower Court Judgment

8/04/2015 Federal Court of Australia (Allsop CJ, Besanko J, Middleton J)

[2015] FCAFC 50


Banking and financial institutions – Consumer protection – Australian Securities and Investments Commission Act 2001 (Cth) s 12CB – National Consumer Credit Protection Act 2009 (Cth) s 76 and Fair Trading Act 1999 (Vic) s 8 – Where first appellant was charged 26 late payment fees on two credit card accounts held with respondent – Where there was a disparity between the fee charged and the loss accrued as a consequence of late payment – Whether the terms “unconscionable”, “unfair” and “unjust”, as used in the statutory causes of action available, are intended to extend the common law in respect of standard form consumer contracts – Whether disproportion between the quantum of late payment fees and cost to the respondent associated with late payment gives rise to statutory unconscionability, unjustness or unfairness if the fees were not exorbitant from respondent?s perspective.

Short particulars


11/09/2015 Hearing (SLA, Melbourne)

25/09/2015 Notice of appeal

16/10/2015 Written submissions (Appellants M219/2015)

16/10/2015 Written submissions (Appellants M220/2015)

16/10/2015 Chronology (Appellants)

06/11/2015 Written submissions (Respondent M219/2015)

06/11/2015 Written submissions (Respondent M220/2015)

20/11/2015 Reply (Appellants M219/2015)

20/11/2015 Reply (Appellants M220/2015)

04/02/2016 Hearing (Full Court, Canberra) (Audio-visual recording)

05/02/2016 Hearing (Full Court, Canberra) (Audio-visual recording)

27/07/2016 Judgment (Judgment summary)