The Australian Competition and Consumer Commission has given the green light to DP World’s proposed acquisition of Silk Logistics, after finding it was not likely to substantially lessen competition.
Mastercard has pushed back on the ACCC’s argument that it waived privilege over communications with lawyers, saying it would “take the law of waiver to a place it has never been before”.
The owner of Banana Boat and Hawaiian Tropic sunscreen brands faces court action by the consumer regulator for alleged greenwashing.
Private health insurer Bupa has admitted to misleading thousands of customers about their private health insurance benefits and has agreed to cop a $35 million penalty in a case by the consumer watchdog.
The competition watchdog has brought proceedings accusing Australian Gas Networks of greenwashing by running ads containing unqualified statements that renewable gas will be available to households within a generation.
Dendy Cinema has paid a $19,800 penalty after the ACCC alleged it failed to prominently display the total price for movie tickets sold online at the earliest point in the sale process, a practice known as ‘drip’ pricing.
Retailer The Good Guys has agreed to pay $13.5 million in ACCC proceedings alleging it made misleading statements about store credit.
The ACCC has concluded its five year inquiry into digital platforms, identifying risks to competition posed by AI and cloud computing and again calling for significant regulation to counter “harmful” practices by the likes of Google and Facebook.
Big Four bank NAB has paid $751,200 for inaccurate credit data disclosures under the Consumer Data Right rules, the largest penalty to date for breaches of the regulations.
Optus has agreed to pay a $100 million penalty in a case brought by the ACCC, admitting the watchdog’s allegations that staff pressured customers into buying phones they couldn’t afford.