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ANZ faces new class action over retrospective interest on credit cards
The Australia and New Zealand Banking Group has been hit with a class action for having “unfair” terms in its credit card contracts that allegedly gave the bank the right to charge account holders retrospective interest.
ACCC updated policies on witnesses after ‘flawed’ bank cartel probe, court hears
A senior ACCC officer was probed Tuesday on whether the competition regulator updated its guidelines for taking witness statements in July in response to criticism of investigators' methods in the cartel probe over ANZ's $2.5 billion share placement.
PwC strikes back in class action over $50M Axsesstoday prospectus
Professional services giant PricewaterhouseCoopers has hit back at a class action over a $50 million prospectus for Axsesstoday, filing a cross-claim against the asset finance lender and saying it “takes no responsibility” for allegedly defective offer documents.
Mazda’s customer service ‘appalling’ and misleading, but not unconscionable, judge finds
Mazda's treatment of customers with defective vehicles was "appalling" and its statements about their entitlement to a refund were false or misleading, a judge has found in a partial win for the ACCC.
Fifth overtime class action filed by junior doctors in Victoria
Victoria's Alfred and St Vincent's hospitals are the targets of a new class action filed on behalf of junior doctors alleging they were not paid for unrostered work that included admitting patients and attending to medical emergencies.
Westpac faces $100M penalty in six ASIC cases over ‘widespread failures’
Banking giant Westpac has admitted to allegations in six new cases by the Australian Securities and Investments Commission alleging widespread compliance failures across multiple businesses, and will agree to pay a combined $100 million penalty.
Apple denies app store monopoly, says blocking Fortnite didn’t harm Epic Games’ business
Apple has rejected claims that it misused its market power by pulling Epic Games' popular Fortnite game from its App Store and says the move did not affect the game developer's business because most of its revenue comes from other platforms.
Courtenay House former director duped hundreds in $196M Ponzi scheme, ASIC says
The former director of investment management fund Courtenay House is facing a slew of criminal charges after an investigation by the Australian Securities and Investments Commission allegedly revealed he duped 590 investors in a $196 million Ponzi scheme.
Law firm preparing class actions against Apple, Google
Apple and Google's legal woes in Australia are set to worsen, with a leading class action firm preparing to file class actions against the Silicon Valley giants for alleged competition and consumer law violations.
Mitsubishi hit with class action over ‘misleading’ fuel economy labels
Japanese car maker Mitsubishi Motors has been hit with a class action for allegedly making misleading fuel efficiency representations on over 70,000 Triton Utes sold in Australia since 2015.