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Judge denies climate change challenge to NSW mine expansion
Energy & Natural Resources 2018-06-21 9:55 pm By Miklos Bolza

An environmental group has lost a bid to halt the expansion of an open cut mine owned by a subsidiary of Peabody Energy on the grounds that the regulatory approval for the project failed to assess its greenhouse gas emissions.

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Fat pill patent by Danone unit gets IP Australia’s OK
Healthcare 2018-06-21 9:36 pm By Christine Caulfield

Danone’s Nutricia unit has defeated a challenge by New Zealand’s dairy cooperative Fonterra to registration of an Australian patent for the use of a nutritional pill for increasing weight gain in frail, elderly people.

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Ex-Titan head must provide evidence in insulation class action
Class Actions 2018-06-21 9:20 pm By Cat Fredenburgh

A judge has ruled the former head of Titan Industries must provide evidence in the class action trial over the Rudd Government’s cancellation of a program that subsidised home insulation installations, saying there was no proof his testimony could be used to bring a criminal case or reopen a coronial inquest into the death of a Titan contractor.

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CBA’s $25M rate-rigging settlement gets court OK
Financial Services 2018-06-21 10:58 am By Christine Caulfield

The Federal Court has approved Commonwealth Bank’s $25 million settlement with ASIC over allegations it manipulated the bank bill swap rate.

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Toys ‘R’ Us to close after administrators fail to find buyer
Restructuring & Insolvency 2018-06-20 10:56 pm By Christine Caulfield

Toys ‘R’ Us Australia will wind down after all potential buyers pulled out of purchasing the failed toy retailer, administrators said Wednesday.

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Popular baby wash maker fined over “organic” claims
Consumer Goods 2018-06-20 10:32 pm By Cat Fredenburgh

A popular maker of baby skin products has been fined by the ACCC for claiming its products are organic even though they contain synthetic chemicals.

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CBA’s $700M AUSTRAC settlement gets court OK
Financial Services 2018-06-20 5:56 pm By Miklos Bolza

A Federal Court judge has signed off on a $700 million settlement between AUSTRAC and Commonwealth Bank of Australia for violating anti-money laundering and counter-terrorism financing laws, saying the penalty showed the court’s “strong disapproval” of the bank’s actions.

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Trustee settles class action over LKM Capital collapse
Class Actions 2018-06-20 3:36 pm By Christine Caulfield

The trustee for collapsed investment group LKM Capital has reached a settlement in a class action brought on behalf of hundreds of investors who sunk $63 million into the failed firm.

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Alinta Energy to refund customers over misleading ads
Competition & Consumer Protection 2018-06-20 11:46 am By Cat Fredenburgh

Alinta Energy has agreed to compensate consumers after making misleading comparisons to competitors’ electricity rates in its advertisements.

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Rio Tinto wins ok for mining patent on appeal
Intellectual Property 2018-06-20 11:32 am By Cat Fredenburgh

Rio Tinto subsidiary Technological Resources has won its appeal of an IP Australia ruling that rejected its mining patent after a challenge by the Commonwealth Scientific Industrial Research Organisation.

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