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Credit Clear Limited (ASX:CCR)
ALERT: Price-sensitive ASX Announcement for CCR
Current share price for CCR : $0.125 -0.085 (-40.48%)+
Announcement
Release
24 Jun 2026 3:43PM
Price at Release
$0.210
Full Release
Summary
Credit Clear Limited, an Australian technology and debt collection provider, announced that the Australian Competition and Consumer Commission (ACCC) has commenced legal proceedings against its subsidiaries, ARMA Group Holdings Pty Ltd and Force Legal Pty Ltd, alleging contraventions of the Australian Consumer Law related to debt collection communications between February 2022 and September 2025. Credit Clear and its subsidiaries deny these allegations and plan to defend the proceedings, emphasizing their commitment to compliance with consumer laws. The company has engaged Allan Myers AC KC for legal representation and continues to operate, highlighting their focus on ethical collections and consumer rights.
Key Points
- ACCC initiated proceedings against Credit Clear's subsidiaries.
- Allegations concern violations of Australian Consumer Law.
- The proceedings cover the period from February 2022 to September 2025.
- Credit Clear and subsidiaries deny the allegations.
- Legal representation by Allan Myers AC KC.
- Company stresses compliance and ethical collection practices.
- Operations continue with focus on client and consumer trust.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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