In 2001, Cash Converters migrated its primary listing location to the ASX and subsequently delisted from the LSE on 19 February 2013 based on the composition of its share register and low trading volumes in the UK.

Cash Converters acquired 80% of vehicle financing company Green Light Auto in September 2013 through the conversion of a $4 million loan previously provided to the business.

Cash Converters’ franchise network represents 618 stores throughout the globe, including 80 in Australia, and income is generated through royalties paid to the group by the franchisees.

Two class actions have been launched in the Federal Court of Australia on allegations that Cash Converters charged excessive fees on short-term loans in New South Wales between July 2010 and June 2013.

[7] In 2016, an Australian Securities & Investments Commission (ASIC) investigation found that Cash Converters had failed to make reasonable inquiries into the income and expenses of customers availing their small amount loan product.

[8] Cash Converters completed all commitments made to ASIC as part of the EU in February 2018 which included the engagement of Deloitte as an independent expert to review the Company’s updated practices.