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The head of the Australian Competition and Consumer Commission said Thursday that when it comes to mortgage prices, the behaviour of Australia's big four banks looks more like synchronised swimming than vigorous competition.
Japan-based global shipper K-Line has pled guilty to its role in a criminal cartel, the second company to admit guilt in Australia in the case.
The Australian Competition and Consumer Commission gave the go-ahead Wednesday to the $1.3 billion merger of dairy giant Saputo with Australian milk co-op Murray Goulburn, after Saputo agreed to divest the Koroit dairy plant in Victoria.
Flight Centre has been ordered to pay $12.5 million in penalties for making multiple attempts to enter into price-fixing arrangements with three international airlines.
Qantas has settled a lawsuit by a passenger who claims he suffered back and neck injuries after sitting in a faulty seat on a long-haul flight from Sydney to Los Angeles.
Slater and Gordon is mulling a class action on behalf of women who suffered complications after receiving a pelvic mesh implant, in the wake of a damning parliamentary report on the controversial devices.
The Australian Competition and Consumer Commission has raised concerns about MYOB's proposed bid for Reckon's accounting unit, saying it could substantially lessen competition in the market for accounting software.
A long-awaited congressional report has called for an overhaul of medical device regulation in Australia, in the wake of a system-wide failure to protect women who suffered "devastating" consequences after being implanted with faulty vaginal mesh products.
Companies that manipulate financial benchmarks will face specific civil and criminal penalties under changes to the law made by the government today, in the wake of $100 million in settlements by two of Australia's largest banks last year over claims they manipulated the bank bill swap reference rate.
The Australian competition regulator has delayed its decision on the proposed $1.3 billion merger of dairy giant Saputo with Australian milk co-op Murray Goulburn to consider feedback from market participants.