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Plus500 says class action must arbitrate claims over CFDs
Class Actions 2025-08-20 11:35 pm By Cindy Cameronne

Online trader Plus500 is seeking to stay a class action on behalf of investors who lost money trading in highly leveraged financial products, telling a court the applicant signed an agreement forcing the dispute into arbitration. 

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JB Hi-Fi can’t get separate hearing on novel question in warranties class action
Class Actions 2025-08-19 3:31 pm By Cindy Cameronne

JB Hi-Fi has lost its bid for a hearing on a separate question in a class action over allegedly worthless warranties, with a judge saying the novel question has not been considered by the High Court and could lead to appeals. 

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ACCC probes energy plans that mislead consumers about savings
Competition & Consumer Protection 2025-08-19 3:59 pm By Andy Sidler

The Australian Competition and Consumer Commission is looking into energy companies’ promotional materials after consumer advocacy group CHOICE complained that offers of savings are designed to overwhelm and confuse while not offering real value.

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Google to cop $55M penalty for anti-competitive agreements with Telstra, Optus
Competition & Consumer Protection 2025-08-18 2:46 pm By Cat Fredenburgh

Google has agreed to pay a $55 million penalty for making anti-competitive agreements requiring Telstra and Optus to pre-install Google Search on Android devices they sold.

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COVID-19 aged care class actions ramp back up as criminal trial nears
Class Actions 2025-08-18 11:16 pm By Andy Sidler

After more than a year on ice, two class actions against age care facilities over COVID-19 outbreaks are set to resume late this year, following a month-long criminal trial that kicks off next week. 

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Court OKs $59M settlement in rate-rigging class action against banks
Class Actions 2025-08-15 11:58 pm By Sam Matthews

A judge has signed off on a $59 million settlement in a class action accusing five banks of foreign exchange rate-rigging, while bemoaning the failure of successive attorneys-general to advance reforms clarifying the court’s power to make class closure orders.

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Mastercard says privilege shouldn’t be lost after junior lawyer’s ‘genuine mistake’
Competition & Consumer Protection 2025-08-15 11:46 pm By Cindy Cameronne

Mastercard says legal professional privilege remained over a document after a junior lawyer “inadvertently” sent it to the ACCC in 2020 while the credit card giant was trying to dissuade the regulator from continuing an investigation into alleged anti-competitive conduct.

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Magnis Energy misses deadline in ASIC’s battery plant disclosure case
Energy & Natural Resources 2025-08-15 11:29 pm By Andy Sidler

Magnis Energy Technologies has missed the deadline to file its evidence in ASIC proceedings over allegedly misleading disclosures about its lithium ion battery plant, with a court hearing the company’s new lawyers have not had a chance to brief counsel. 

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Super giant Mercer sued by ASIC for ‘longstanding and systemic’ failures
Superannuation 2025-08-14 1:11 pm By Julia Kanapathippillai

Mercer Super faces enforcement action by ASIC, alleging the superannuation giant failed to inform the watchdog about investigations into serious issues, including a failure to refund premiums to dead members.

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ACCC flags concerns over Kegstar’s acquisition of only competitor
M&A 2025-08-14 1:42 pm By Sam Matthews

The competition watchdog has raised concerns over the proposed tie-up of Kegstar and Konvoy — the only operators in the niche industry of keg pooling — saying the deal could mean higher prices.

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