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Fonterra may bring counter-claims in class action over milk prices
Class Actions 2020-08-07 5:18 pm By Miklos Bolza

Fonterra could bring counter-claims against dairy farmers that brought a class action alleging they were unpaid when the company slashed milk prices in 2016, a […]

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ASIC spent $1.8M on failed Westpac responsible lending case
Financial Services 2020-08-07 4:56 pm By Miklos Bolza

The Australian Securities and Investments Commission spent over $1.8 million in taxpayer funds investigating and prosecuting its now failed responsible lending case against Westpac. The […]

ASIC sets sights on AMP, with more than 5 new cases expected this year
Financial Services 2020-08-05 6:09 pm By Alison Eveleigh

The Australian Securities and Investments Commission has told a parliamentary committee that it plans to bring more than five court proceedings against AMP before the […]

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ACCC takes Sumo Power to court for alleged pricing bait and switch
Competition & Consumer Protection 2020-08-05 1:21 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has initiated proceedings against Victorian electric utility Sumo Power for allegedly luring customers with the promise of discounts and […]

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BNY Mellon unit convicted in first criminal case over handling of client money
White Collar 2020-08-05 10:32 pm By Cat Fredenburgh

Bank of New York Mellon unit Pershing has become the first company in Australia to be convicted of criminal charges for breaching regulations requiring AFSL […]

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Former financial adviser gets six years in jail for $1.86M Ponzi scheme
White Collar 2020-08-04 4:14 pm By Christine Caulfield

Former financial adviser Graeme Miller has been jailed for six years after pleading guilty to misappropriating $1.865 million in client funds in what a judge […]

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ASIC scores ‘narrow’ win in case against ex-Tennis Australia director
ASIC 2020-07-31 12:43 pm By Miklos Bolza

A judge has handed ASIC a “narrow” win in its action against former Tennis Australia director Harold Mitchell, tossing most of the regulator’s case and […]

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Google, Facebook face fines of at least $10M for breaches of ACCC media bargaining code
Media 2020-07-31 12:55 pm By Christine Caulfield

Google and Facebook will face penalties of at least $10 million for breaches of a media bargaining code drafted by the ACCC that aims to […]

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ACCC loses appeal in TPG ‘prepayment’ case
Competition & Consumer Protection 2020-07-30 3:13 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has come up short in its challenge to a ruling that dismissed its case against TPG over contract terms […]

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‘Extraordinary circumstances’: ACCC blesses Rex’s ongoing coordination with Qantas, Virgin
Coronavirus 2020-07-30 3:40 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has extended an authorisation allowing Regional Express to coordinate with Qantas and Virgin on certain regional routines during the […]

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