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ABC owes casuals $12M in unpaid wages
Employment 2020-06-19 1:29 pm By Cat Fredenburgh

The Australian Broadcasting Corporation has agreed to pay 1,800 current and former casual staff $12 million in unpaid wages, following an investigation by the Fair Work Ombudsman that found some workers were paid less than minimum wage.

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Dreamworld operator hit with class action over 2016 tragedy
Class Actions 2020-06-19 9:03 am By Cat Fredenburgh

Ardent Leisure, which operates the Dreamworld theme park in Queensland, is facing a shareholder class action over a 2016 tragedy in which four people died following a ride malfunction.

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Respiri settles lawsuit over ex-CEO’s termination
Employment 2020-06-18 11:19 pm By Cat Fredenburgh

Medical technology company Respiri has settled a lawsuit brought by its former CEO alleging he was terminated for seeking to expand into the Indian market against the wishes of the ASX-listed company’s board.

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Norwegian shipper pleads guilty to cartel charge, says fine should be $20M
Competition & Consumer Protection 2020-06-18 5:02 pm By Alison Eveleigh

Norway-based shipping company Wallenius Wilhlmsen Ocean AS has pleaded guilty to one charge of criminal cartel conduct, but told a court the penalty should be discounted from the maximum by over 50 per cent.

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Binary options trader hit with $1.8M penalty for ‘systemic’ exploitation
Financial Services 2020-06-18 4:10 pm By Cat Fredenburgh

A Marshall Islands-based binary options trader has been hit with a $1.8 million penalty after a judge found it engaged in the “deliberate deception of vulnerable people”.

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ACCC clears $120M AFG, Connective merger
Corporate 2020-06-18 3:36 pm By Christine Caulfield

The competition cop has given its blessing to Australian Finance Group’s $120 million acquisition of rival Connective Group, after raising concerns the deal could squeeze smaller players out of the mortgage aggregator market.

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Energy companies face $1B class action over alleged ‘bidding games’
Class Actions 2020-06-18 10:15 am By Alison Eveleigh

Queensland’s two largest electricity generators are facing a potential class action over alleged “bidding games” designed to artificially inflate consumers’ electricity bills.

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More law firms to be dragged into Dover Financial negligence case
Financial Services 2020-06-17 6:30 pm By Alison Eveleigh

More law firms may soon be targeted in a lawsuit brought by defunct financial advisor Dover Financial alleging three law firms provided negligent advice concerning an inaptly titled ‘client protection policy’, which a judge recently found was “highly misleading” and “an exercise in Orwellian doublespeak”.

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University sued for firing cancer researcher with chronic back pain
Employment 2020-06-17 4:27 pm By Miklos Bolza

A prominent Australian cancer researcher is suing the University of Technology Sydney for $744,000, alleging she was unfairly sacked after taking multiple periods of leave due to a physical disability.

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Judge tells AUSTRAC to ‘guillotine’ Westpac case as it readies more claims
Financial Services 2020-06-17 4:12 pm By Alison Eveleigh

A judge has warned AUSTRAC that it needs to finalise its case against Westpac over anti-money laundering breaches as the regulator readies a slew of new claims, quashing any hopes of a trial this year.

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