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A Federal Court judge on Friday signed off on $100 million in settlements between Australia's securities regulator and National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd. for attempting to manipulate the market for the bank bill swap reference rate.
The Australian consumer regulator has secured its first penalty in a case brought under the new Franchising Code of Conduct, with a court ordering Pastacup franchisor Morild to pay $100,000 for breaching the code.
Property manager Meriton Property Services violated the law by trying to keep guests at its properties from posting bad reviews on TripAdvisor, the Federal Court said Friday, a win for Australia's consumer regulator in its first case over online reviews.
Competition for access to the National Broadband Network is ramping up, the ACCC said, and providers are buying more capacity to deliver on promised internet service speeds.
The Australian competition regulator has signed off on a bid by a post office industry group that represents Australia Post franchisees to collectively negotiate with Australia Post.
Citibank will provide refunds of $3.3 million to credit card customers for failing to refund them when their credit card accounts were closed with an outstanding credit balance.
A case brought by Australia's consumer regulator against health insurer NIB Health Funds for allegedly violating consumer protection laws by making changes to its plans without first notifying members will head to trial June 6.
A judge on Wednesday cleared the way for Sydney-based college Unique International to pursue its appeal of a ruling in an ACCC case that found it violated consumer laws in marketing online vocational training courses, saying the time was not right for a hearing on relief.
Telstra will offer refunds to some 42,000 customers after promising National Broadband Network speeds that couldn't be delivered.
Norton Rose has admitted claims by ex-partner Thomas Patrick Martin that a lawyer for the firm retroactively signed and backdated a sealed court document, but says the court told the lawyer to do it.