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Judge hits Westpac unit with $20M penalty over conflicted remuneration
A judge has signed off on a $20 million penalty against Westpac subsidiary BT Funds Management for improperly charging 9,000 members insurance premiums that included commissions to financial advisers, a practice that was banned in 2013.
Peters served with $12M penalty for exclusive dealing
Peters Ice Cream has been hit with a $12 million penalty after admitting to entering an anti-competitive exclusive agreement for distribution of its single serve ice creams to service stations and convenience stores across Australia.
Union planning to upsize rest break cases against McDonald’s
The Shop, Distributive and Allied Employees Association has flagged its intent to bring further cases against various McDonald’s franchisees, alongside eleven claims it has brought to date over alleged failures to give workers paid 10-minute breaks.
Facebook takes fight over Cambridge Analytica case to High Court
Facebook has filed an application with the High Court seeking to overturn a judgment that found it can be sued in Australia for alleged privacy violations over the Cambridge Analytica scandal.
GetSwift says stock price drop didn’t prove ‘materiality’ of ASX statements
Logistics company GetSwift will argue on appeal that a judge who found the company took a "PR-driven approach" to ASX statements was wrong in his assessment of whether those statements contained material omissions.
GetSwift appeals judgment scathing of ‘PR-driven’ approach to disclosures
Logistics company GetSwift and its directors are appealing a win for ASIC in the regulator's case that alleged they breached their continuous disclosure obligations and engaged in misleading and deceptive conduct in the release of 22 ASX announcements.
ACCC faces tough questions in appeal of NSW Ports competition case
An appeals court grilled counsel for the ACCC on the first day of a hearing challenging the dismissal of its case over a NSW government deal to privatise two ports, calling on the lawyer to spell out how the state was alleged to be in competition with the consortium that took over the ports.
ACCC wins case against J Hutchinson, CFMEU over construction boycott
In a victory for the Australian Competition and Consumer Commission, a judge has found that builder J Hutchinson entered into an anti-competitive agreement with the CFMEU to boycott an independent subcontractor at a construction site in Brisbane.
Full Court says Facebook can be sued in Australia over Cambridge Analytica scandal
The Full Federal Court has held Facebook can be sued in Australia for allegedly disclosing the personal data of over 300,000 users to political research firm Cambridge Analytica.
ACCC appeals ruling from judge who ‘gagged’ at proposed $5M Employsure penalty
The ACCC will seek a higher penalty against Employsure over misleading Google advertisements, after a judge found the consumer regulator's proposed $5 million penalty was inappropriate and instead ordered the specialist workplace relations consultancy to pay $1 million.