International airline Air New Zealand has been hit with a $15 million penalty for participating in a global air cargo cartel to fix the price of fuel, insurance and security surcharges.
Respondents involved in a case brought by investment adviser Deep Investments over alleged share trading losses, including a solicitor who was sued for allegedly failing to inform the company of exchanges with ASIC about a potentially deceptive employee, are appealing a decision to allow the case to continue.
The Australian Competition & Consumer Commission is seeking up to $30 million in penalties against Garuda Indonesia after the airline was found guilty of participating in a price fixing cartel.
Consumer goods maker Pental Ltd will pay $700,000 in penalties after admitting it misled customers about its ‘flushable’ White King toilet and bathroom cleaner wipes.