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  • Writer's pictureBy The Financial District

Australian Court Orders Airbnb To Pay Fine For Currency Misrepresentation

An Australian court on Wednesday, December 20, 2023, ordered Airbnb to pay a 15 million Australian dollar ($10 million) fine.


Airbnb had earlier provided the court with an undertaking that it would pay as much as AU$15 million in compensation to eligible customers. I Photo: Open Grid Scheduler / Grid Engine Flickr



The accommodation rental company could pay as much again in compensating customers who had been unaware they were being charged in US dollars rather than Australian dollars, as reported by the Associated Press (AP).


Airbnb admitted making false or misleading representations to Australian users between January 2018 and August 2021 that prices shown on its platform for Australian accommodations were in Australian dollars, which are worth less than the greenback.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

For about 63,000 customers, the prices were in U.S. dollars.


Federal Court Justice Brendan McElwaine ordered Airbnb to pay an AU$15 million fine within 30 days for breaching Australian consumer law, plus AU$400,000 in prosecution costs.


Business: Business men in suite and tie in a work meeting in the office located in the financial district.

Airbnb had earlier provided the court with an undertaking that it would pay as much as AU$15 million in compensation to eligible customers. Airbnb amended its platform on August 31, 2021, so that prices in US dollars were clearly denoted through the use of the abbreviation "USD."




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