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The Australian Competition and Consumer Commission has extended its review of ANZ Terminals' proposed acquisition of a unit of global agribusiness GrainCorp, after expressed competition concerns about the $350 million tie-up in July.
The competition watchdog has given the greenlight to US cold storage giant Emergent Cold's proposed takeover of rival Australian compay AB Oxford after raising preliminary concerns the deal would hike up prices.
Flight Centre has agreed to hand over $252,000 in penalties after the consumer watchdog slapped the travel giant with infringement notices for holiday promotions that potentially duped customers.
Commonwealth Bank's wealth management unit Colonial First State has been hit with a second class action in as many days, this one alleging it charged excesssive superannuation fees to fund commissions to financial advisers.
Car rental company Australian 4WD Hire will need to take steps to recover deleted, allegedly threatening emails after a court found it had not complied with its discovery obligations in an unconscionable conduct case brought by the consumer regulator.
A judge is considering whether he can increase a record $75 million civil penalty settlement reached by Volkswagen and the ACCC over the dieselgate scandal, after saying the people of Australia would be “upset” if they knew about some of the “outrageous” terms to which the consumer watchdog had agreed.
Health insurer Medibank has admitted to engaging in misleading and deceptive conduct when it falsely told consumers they were not eligible for certain coverage under their insurance policies in what it called an "internal process failure", but denies the ACCC's claim that consumers were denied the benefits they paid for.
Retailers Target and Big W have admitted they breached the consumer laws and potentially misled customers complaining about faulty Sony PlayStations and Dyson appliances, the ACCC said Tuesday.
The consumer watchdog has launched an inquiry into wholesale NBN charges paid by retailers, focusing on whether pricing for basic broadband products was fair and affordable.
The ACCC will immediately commence a wide-ranging homes loans inquiry at the direction of the Federal Government, including an investigation into the banking sector’s refusal to pass on interest rate cuts to consumers in full.