Though the Court acknowledged regulatory breaches with Earner, it waived the $350,000 penalty in June 2024. ASIC appealed the decision to drop the fine, while Block Earner cross-appealed the finding that the Earner product required a license.

However, on 22 April 2025, the Full Federal Court allowed Block Earner’s cross-appeal and dismissed ASIC’s arguments, ruling that neither product breached licensing obligations. This decision prompted ASIC to seek High Court intervention.

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