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Optus hit with $10M fine for misleading customers over mobile phone bills
Competition & Consumer Protection 2019-02-06 2:38 pm By Christine Caulfield

Optus has been ordered to pay $10 million in penalties for billing unwitting customers for premium mobile phone services, the consumer regulator said Wednesday.

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Federal Court to get white collar crime caseload
White Collar 2019-02-05 10:40 pm By Cat Fredenburgh

The government has thrown its support behind a proposal to give the Federal Court jurisdiction to hear white collar criminal matters.

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BlueScope wins confidentiality order in Aurizon collusion case
Competition & Consumer Protection 2019-02-05 3:38 pm By Cat Fredenburgh

The court overseeing the ACCC’s collusion case against rail freight operators Aurizon and Pacific National has granted a confidentiality request by BlueScope Steel over documents subpoenaed after the steel company told the court trucks were not a viable alternative for transporting its goods in Queensland.

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Pitcher Partners appeals $5.6M damages award over concealed accounting error
Competition & Consumer Protection 2019-02-05 2:16 pm By Christine Caulfield

Accounting firm Pitcher Partners will challenge a ruling that it owes a NSW bus operator $5.6 million in damages for fraudulently concealing a costly amortisation error.

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ASIC bans Commonwealth Bank from charging ongoing service fee
Financial Services 2019-02-04 1:46 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has ordered Commonwealth Bank to immediately stop charging customers service fees, after the bank violated the terms of an enforceable undertaking related to its fees for no service conduct.

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Barristers suing DLA Piper over $370,000 in fees did not do all the work, court told
Business of Law 2019-02-04 11:21 am By Christine Caulfield

Two barristers suing DLA Piper over $370,000 in fees did not perform all the work for which they billed the law firm, a court heard Monday.

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Visa settles competition lawsuit over currency conversion ban
Competition & Consumer Protection 2019-01-31 10:01 pm By Cat Fredenburgh

Visa has resolved a lawsuit by a fintech founder alleging it misused its market power by banning the use of dynamic currency conversion services in several countries, including Australia and the US.

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Therium snags 10-year ACCC veteran for Melbourne office
Competition & Consumer Protection 2019-01-30 9:58 pm By Cat Fredenburgh

Litigation funder Therium Capital Management has brought on a former director from the Australian Competition and Consumer Commission to bolster its Australian funding team, less than a month after opening its doors in Melbourne.

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Property spruiker Rick Otton drops appeal of record $6M fine
Competition & Consumer Protection 2019-01-30 9:54 pm By Christine Caulfield

We Buy Houses’ director Rick Otton has withdrawn his appeal of a ruling that slugged him with a $6 million fine for misleading property investors, the highest ever penalty imposed on an individual for breaches of the Australian Consumer Law.

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Supplier of scalding hot water bottles hit with $415k fine
Chief Justice Debra Mortimer 2019-01-30 7:55 pm By Miklos Bolza

A wholesaler that supplied leaking hot water bottles and exploding candle holders to retailers in Victoria has been fined $415,000 for distributing the dangerous products in breach of the Australian Consumer Law.

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