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Judge overstepped in accepting Pacific National undertaking, ACCC tells appeals court
Competition & Consumer Protection February 17, 2020 4:30 pm By Christine Caulfield

The judge who dismissed the ACCC’s challenge to Pacific National’s acquisition of Aurizon’s Acacia Ridge Terminal in Queensland had no power to accept an undertaking […]

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Judge clears $15B Vodafone, TPG deal in latest merger challenge loss for ACCC
Competition & Consumer Protection February 13, 2020 11:21 am By Christine Caulfield

Vodafone has won its case against the ACCC over its proposed merger with rival telecommunications company TPG, with a judge ruling the tie-up would not […]

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US class action targets Westpac execs over AUSTRAC scandal
Class Actions January 31, 2020 4:08 pm By Cat Fredenburgh

Westpac is facing its first shareholder class action in the US following revelations that it violated anti-money laundering and counter-terrorism finance laws on more than […]

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Westpac hit with $9.15M penalty over bad advice
Financial Services December 19, 2019 3:41 pm By Cat Fredenburgh

A Federal Court judge has ordered Westpac to pay a $9.15 million penalty after one of its financial advisers breached the best interests duty by […]

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Westpac hit with first class action over AUSTRAC scandal
Financial Services December 18, 2019 1:12 pm By Cat Fredenburgh

Westpac is facing a class action on behalf shareholders in three countries over its alleged anti-money laundering and counter-terrorism financing breaches and disclosures. Phi Finney […]

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APRA begins probe of Westpac over ‘substantial gaps in risk governance’
Financial Services December 17, 2019 3:31 pm By Cat Fredenburgh

The Australian Prudential Regulation Authority has flagged potentially “substantial gaps in risk governance” by Westpac as it formally kicked off an investigation into the bank […]

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AUSTRAC case against Westpac speeds towards penalty hearing
Financial Services December 9, 2019 9:44 pm By Miklos Bolza

AUSTRAC’s lawsuit against Westpac over 23 million alleged breaches of money laundering and counter-terrorism laws is racing towards a possible February penalty hearing, with the […]

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Takata airbags class action might appeal class closure in wake of common fund ruling
Class Actions December 6, 2019 10:18 pm By Hannah Gee

The applicants in a group of class actions over defective Takata airbags have flagged a possible challenge to a formal class closure order in the […]

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Westpac responds to class action, says members benefited from ‘high’ super fees
Class Actions November 26, 2019 2:47 pm By Miklos Bolza

Two Westpac units have defended their choice to charge higher superannuation fees, saying in their responses to a Slater and Gordon class action that customers […]

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Garmin settles misuse of market power case by largest Australian supplier
Competition & Consumer Protection November 19, 2019 3:53 pm By Christine Caulfield

Garmin has reached a settlement in a competition case brought by its former exclusive Australian distributor alleging the GPS technology giant misused its market power […]

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