The High Court has thrown out the corporate regulator's case against a store owner in a remote community who provided lines of credit to Indigenous people who could not count.

James Shipton, chairman of the Australian Securities and Investments Commission (ASIC), said the regulator accepted the decision and would continue to work with stakeholders, including the government, to resolve its concerns over the use of so-called "book-up" schemes.

"This was all about us using the courts to clarify the boundaries of the law which is something that we’ve been mandated to do," he said.

"Clearly our interpretations didn’t win the day and so the next steps for us are to work with various stakeholders and the government to make sure that we’re addressing some of the concerns that we have with some elements of the book-up process in remote communities."