Current Stage of Case
Having been successful in respect of ANZ’s late fees only in the Federal Court, this decision was overturned in the Court of Appeal. The matter went before the High Court in February 2016. On 27 July 2016, by a majority of four judges to one, the High Court dismissed Mr Paciocco’s appeal. Unfortunately, this means that we were not successful in claiming late payment fees from the ANZ. However, there was one part of the case which is continuing in relation to the charging, by ANZ, of certain periodical payment non-payment fees. That part of the case was not affected by the High Court’s decision and is ongoing,
In the meantime, in 2016 the NAB Bank Fees claims were settled.
Each of the other related Bank Fee cases were discontinued.