ASIC cancelled the Australian credit licence of Walker Stores Pty Ltd, in liquidation, on 12 October 2026 after the Compensation Scheme of Last Resort paid two unpaid AFCA determinations. The firm traded as Snaffle.[1]
At a glance01
Complaint and enforcement chronology
| Date | Event |
|---|---|
| 30 June 2026 | AFCA made two determinations that Walker Stores did not paySource 1 |
| 23 September 2026 | CSLR paid A$4,106 and A$18,310Source 1 |
| 12 October 2026 | Credit licence cancelledSource 1 |
| 12 October 2027 | Required AFCA membership endsSource 1 |
| 18 May 2026 — separate case | Court ordered A$33.5m penalty for unlawful overcharging under credit contractsSource 1 |
The two CSLR payments total A$22,416, a calculation of those payments rather than total customer losses. ASIC says this cancellation is non-discretionary and not subject to merits review. Continued AFCA membership preserves a route for further complaints.[1]
Sources & further reading
- 26-253MR ASIC cancels Australian credit licence of Walker Stores Pty Ltd Australian Securities and Investments Commission · 21 Oct 2026 · Accessed 26 Oct 2026