The matter relates to contracts which allegedly allowed the ISP to unilaterally alter the price of its services, which would contravene Australian consumer law.
According to the ACCC, the terms in the contract enabled Netspeed to vary prices without giving a customer the right to end the contract, unfairly indemnified Netspeed from damages, and allowed the ISP to unilaterally terminate contracts.
ACCC Chairman Rod Sims said the upcoming case would be new territory for the watchdog.
A scheduling conference for the upcoming case will be held on June 13 in Melbourne.
It's not the first time the company has been the subject of Federal Court action, in 2011 the court found Bytecard, better known by its trading name NetSpeed, and its director Brian Andrew Morris breached obligations as a telecommunications provider between 2006 and 2011.
The five breaches related to Bytecard's failure to repay aggrieved customers a total of $2819.99 as directed by the industry watchdogs, and a subsequent fine of $100,000 was handed down.
As we reported earlier today the ACCC is fresh off a big Federal Court win today against former telco Excite Mobile, where it was found the company deceived customers and engaged in misleading conduct.