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ACCC takes sporting goods company Decathlon to court
Competition & Consumer Protection 2020-07-23 1:38 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has instituted court proceedings against a unit of French sporting goods giant Decathlon alleging it flouted product safety standards over a three-year period.

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James Cook University wins appeal of $1.2M judgment for sacked climate-skeptic professor
Appeals 2020-07-22 11:10 pm By Christine Caulfield

An appeals court has sided with James Cook University in its appeal of a ruling awarding $1.2 million to sacked climate skeptic professor Peter Ridd, saying the academic’s right to express unpopular views was “necessarily constrained”.

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Government won’t challenge loss in live export class action
Class Actions 2020-07-22 10:16 pm By Cat Fredenburgh

The Federal Government will not challenge a ruling in a class action brought on behalf of live exporters which found a total ban on live cattle exports to Indonesia in 2011 was “capricious and unreasonable”.

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ANZ accuses ACCC of ‘heavying’ cartel witnesses from JPMorgan
Competition & Consumer Protection 2020-07-22 9:15 pm By Miklos Bolza

ANZ Banking Group has slammed a decision by the ACCC to escalate concerns that one of its key cartel witnesses was not being “full and frank”, claiming this was a way to put pressure on the witness and bring his evidence into line.

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Finance experts recruited to advise ‘complex’ $17M tax fraud, police say
Tax 2020-07-22 9:04 pm By Alison Eveleigh

Federal police have charged 12 members of an alleged sophisticated criminal syndicate, including construction industry figure George Alex, which authorities say enlisted the help of financial industry experts and former bankers to pull off a $17 million fraud.

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CBA unit admits to misleading calls in ASIC case over MySuper accounts
Financial Services 2020-07-22 4:13 pm By Alison Eveleigh

Commonwealth Bank’s wealth management unit Colonial First State has admitted misleading conduct in certain calls to superannuation members, but has otherwise denied claims by the corporate watchdog that it misled over 12,000 fund members during the transition to MySuper accounts.

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Uber fails in second bid to put brakes on taxi driver class action
Class Actions 2020-07-22 3:42 pm By Alison Eveleigh

Uber has lost its latest challenge to a landmark class action that alleges the ride-sharing giant engaged in a conspiracy to steal business from taxi and limousine drivers across four states, with an appeals court dismissing arguments the case failed to properly allege an intent to harm.

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ASIC won’t appeal Westpac responsible lending case to High Court
Financial Services 2020-07-22 2:56 pm By Christine Caulfield

ASIC has dropped its fight with Westpac over the bank’s financial assessment of home loan borrowers following political pressure, citing the “challenging economic circumstances”.

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Ashurst partner hit with indemnity costs in Point Piper property feud
Real Estate 2020-07-22 10:26 am By Christine Caulfield

An Ashurst partner in a long-running stoush with his former Family Court judge neighbour over a property in the harbourfront Sydney suburb of Point Piper has been hit with indemnity costs for “unreasonably” pushing his case.

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‘Not a single note’: ACCC accused of avoiding disclosure in ANZ cartel case
Competition & Consumer Protection 2020-07-21 11:18 pm By Miklos Bolza

The ACCC’s investigatory techniques have come under fire during a hearing over an alleged criminal cartel agreement between ANZ and two investment banks, with a barrister for one of the banks suggesting investigators from the regulator deliberately did not take notes during hundreds of days of witness interviews to avoid disclosure.

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