ASIC said it commenced proceedings in the Federal Court in Brisbane against Rent 2 Own Cars Australia Pty Ltd and its directors Timothy Roberts and Paul Green for breaching key requirements under the National Credit Code. ASIC  said the alleged breaches caused customers of R2O Cars to be charged amounts in excess of the maximums allowed under the credit legislation. The matter is listed for hearing on 12 September 2018. A timeshare company has been fined A$135,000 in response to three infringement notices from ASIC and will pay up to $3 million in compensation to consumers. ASIC said it accepted a court enforceable undertaking and fined timeshare lender Future Holiday Finance Pty Ltd for responsible lending failures. FHF signed consumers up to loans when they attended timeshare sales seminars, without first assessing if they could afford the loans or if the loans were right for them. ASIC said the court enforceable undertaking "addresses FHF's poor loan assessment practices which did not meet the standards required by law."