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ACCC blesses Aurizon, One Rail merger with sale of east coast assets
Competition & Consumer Protection 2022-07-14 1:27 pm By Christine Caulfield

The Australian Competition and Consumer Commission has given the OK to Aurizon’s proposed $2.3 billion acquisition of rail haulage company One Rail, after accepting a […]

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Online trader shut down following ASIC probe into ‘concerning consumer losses’
Financial Services 2022-07-14 9:58 pm By Sam Matthews

Online trading platform Trade360 will close shop at the end of the month, following an ASIC investigation that found its representatives at an offshore call […]

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Bank of Queensland hit with first-ever penalty for Consumer Data Right breaches
Privacy & Cybersecurity 2022-07-13 2:11 pm By Sam Matthews

Bank of Queensland is the first bank to be caught for alleged breaches under the new Consumer Data Right scheme, paying a $133,200 penalty. The […]

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Red Telecom hit with $450,000 penalty for failing to pay customers
Telecommunications 2022-07-13 3:30 pm By Sam Matthews

A judge has ordered a defunct telecommunications company to pay $450,000 in penalties for flouting orders requiring it to pay out over $63,000 to its […]

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Judge says Queensland energy class action should be open to all eligible consumers
Competition & Consumer Protection 2022-07-11 6:32 pm By Cindy Cameronne

A judge has said that a competition class action against Queensland power companies Stanwell and CS Energy should be made open to all energy consumers […]

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Judge approves $4.7M Quintis class action settlement
Class Actions 2022-07-01 10:37 pm By Cat Fredenburgh

A judge has signed off on a $4.7 million settlement in two investor class actions against collapsed sandalwood producer Quintis, two year after an earlier […]

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Funder sells stake in Commonwealth Bank class action for $7.5M
Class Actions 2022-06-30 4:00 pm By Cat Fredenburgh

A litigation funder has reaped $7.5 million from the sale of a 20 per cent stake in a shareholder class action against the Commonwealth Bank […]

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Seven takes Cricket Australia to court to quash broadcast agreement
Sports 2022-06-30 10:36 pm By Cat Fredenburgh

Channel Seven has asked the Federal Court to terminate a Test cricket and Big Bash League broadcast agreement with Cricket Australia due to alleged contract […]

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Virgin ordered to hand over insurance details in shareholder class action
Class Actions 2022-06-29 11:12 pm By Cat Fredenburgh

Virgin Australia has been ordered to disclose whether its insurer has agreed to indemnify it for any liability it may have in a shareholder class […]

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Origin hit with $17M penalty for disconnecting vulnerable customers
Competition & Consumer Protection 2022-06-29 10:47 pm By Cat Fredenburgh

Origin Energy has been hit with a record $17 million penalty for violating its obligation to protect financially vulnerable customers, including by disconnecting the services […]

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