This is the same company who's argument for defrauding 20,000+ Australians through refused refunds was they didn't check what the law was, they just blanket-refused refunds and shut down people's Steam accounts if they got chargebacks, until the government consumer protection watchdog sued them. They even claimed to not be doing business in Australia, despite accumulating 20,000+ refund requests which implies 6 - 7 digit quantities of undisputed transactions.
This is the origin of their refund policy today, which is no questions asked within usage limits. Australia is only like 5% of Steam users so they unfortunately got away with the vast majority of their fraud, perhaps several hundred thousand other instances.
https://www.engadget.com/2016/12/23/valve-steam-fined-2-mill...