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Holders of Aussie cryptocurrency Qoin threaten class action
Financial Services 2021-11-02 8:55 pm By Cindy Cameronne

An issuer of Gold Coast-based cryptocurrency Qoin may be hit with a class action by investors claiming it is a “token of no utility”. Cryptocurrency […]

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ASIC takes digital lender Ferratum to court for overcharging borrowers
Financial Services 2021-11-02 11:07 am By Bianca Hrovat

The Australian Securities and Investments Commission has accused Finnish microloan company Ferratum of overcharging vulnerable, low-income consumers during the height of the COVID-19 pandemic. In […]

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BlueScope meeting made distributor ‘extremely uncomfortable’, ACCC tells court
Competition & Consumer Protection 2021-11-01 5:58 pm By Cindy Cameronne

BlueScope general manager Jason Ellis made executives of a steel distributor “extremely uncomfortable” in a meeting where he presented the steel giant’s price list, a […]

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ACCC puts government agencies on notice about bid-rigging
Competition & Consumer Protection 2021-11-01 6:29 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has warned public agencies not to encourage businesses to coordinate bids for tenders, saying an investigation showed government departments […]

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Criminal cartel case dropped against ANZ, group treasurer over $2.5B share placement
Competition & Consumer Protection 2021-10-29 9:27 pm By Christine Caulfield

In a major blow to the competition regulator’s high-profile price-fixing case over ANZ’s $2.5 billion capital raising, prosecutors have dropped all charges against the bank […]

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Rate-rigging class action pleadings OK’d, more than two years after case filed
Class Actions 2021-10-28 3:56 pm By Miklos Bolza

A judge has given the green light to amended pleadings in a class action accusing major banks of entering a cartel agreement to rig foreign […]

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ACCC looks to rein in Google’s search dominance with choice screen
Competition & Consumer Protection 2021-10-28 3:36 pm By Bianca Hrovat

The Australian Competition and Consumer Commission is calling for the power to mandate ‘choice screens’ in mobile devices to provide Australian consumers with a wider […]

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ACCC raises competition concerns over tie-up of container equipment suppliers
Competition & Consumer Protection 2021-10-28 4:37 pm By Bianca Hrovat

The Australian Competition and Consumer Commission has flagged preliminary competition concerns about a proposed merger of two of the largest suppliers of mobile container handling […]

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Injunction against Facebook doesn’t clash with competition watchdog’s orders, judge says
Social Media 2021-10-27 5:04 pm By Bianca Hrovat

A court has shut down Facebook’s renewed push to cut off Melbourne-based content strategists Sked Social from posting on Instagram on behalf of their clients, […]

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BlueScope general manager ‘not an honest witness’, ACCC tells court
Trials 2021-10-26 9:03 pm By Cindy Cameronne

BlueScope Steel general manager Jason Ellis was not an honest witness and did not express genuine regret when he apologised for obstructing an ACCC investigation, […]

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