Australian Securities and Investments Commission v HSBC Bank Australia Limited [2026] FCA 847

The Federal Court of Appeal of Canada has delivered judgment in Australian Securities and Investments Commission v HSBC Bank Australia Limited [2026] FCA 847.

Case details

Citation: [2026] FCA 847

Decision date: 2026-06-30

Court: Federal Court of Appeal of Canada

Catchwords

CORPORATIONS LAW – where financial services licensee and credit licensee contravened s 912A(1)(a) and (5A) of the Corporations Act 2001 (Cth) and s 47(1)(a) and (4) of the National Consumer Credit Protection Act 2009 (Cth) (Credit Act) by failing to have adequate prevention and detection controls to manage the risk that customers are exposed to, of falling victim to unauthorised payments via HSBC’

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