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Online lender Prospa has agreed to alter unfair terms in its standard form small business loan contracts, after it delayed a planned float due to concerns raised by ASIC about its loan terms.
Volkswagen has agreed to offer refunds or replacements to consumers if a defect makes a car un-drivable within the first 60 days after purchase without requiring proof of a major failure.
Biologics company Cryosite has denied claims by the ACCC that it engaged in cartel conduct by referring customers to Cell Care before their asset sale agreement was completed, saying the two were not competitors.
Discount supermarket chain Aldi offered $150,000 to end a lawsuit brought by the maker of the popular MoroccanOil line of hair products, a court judgment revealed Tuesday.
Westpac will pay $35 million to settle a case brought by ASIC alleging the bank breached responsible lending laws through its automated home loan system, the largest civil penalty ever awarded under the National Credit Act.
Sydney-based law firm Bannister Law has asked a court to consolidate two class actions against troubled sandalwood oil producer Quintis, and has made its pitch for leading the joint proceedings.
Foodco Group, the franchisor behind Muffin Break and Jamaica Blue, has called for a revised code of conduct that forces prospective franchisees to obtain legal advice prior to signing a franchise agreement.
A second class action has been filed alleging GST was improperly charged on apartment sales in the ACT.
The law should be altered to make unfair contract terms illegal, ACCC Chair Rod Sims says, and the regulator plans to use its clout to push for the change.
A consortium led by TransUrban will pay $9.26 billion for a 51 per cent stake in in the WestConnex highway project, one day after the ACCC found the deal would not substantially lessen competition.