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Bank of Queensland hit with first-ever penalty for Consumer Data Right breaches
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.
ACCC goes after Ultra Tune again, this time for contempt of court
Ultra Tune is facing contempt of court proceedings for allegedly breaching a judge's orders and failing to meet the requirements of a court-ordered compliance program, instituted after the company copped a $2 million fine for contravening its disclosure obligations to franchisees.
Optus warns of ‘irreversible consequences’ of Telstra, TPG network deal
Optus has railed against the proposed network sharing agreement between Telstra and TPG, warning that it spells the return of a communications monopoly in regional Australia.
Samsung hit with $14M penalty for misleading Galaxy waterproof claims
Samsung Australia has been slapped with a $14 million penalty for running ads that misrepresented that its Galaxy smartphones could be used in pool and sea water.
Apple, Google hit with class actions over app store commissions
Apple and Google have been hit with class actions alleging they violated competition laws by charging customers inflated commission on certain apps and in-app purchases.
ACCC flags competition concerns with Dye & Durham’s $2.9B bid for Link
The ACCC has raised concerns that Canada-based Dye & Durham's proposed $2.9 billion acquisition of technology services provider Link could harm competition in the market for digital conveyancing services.
Money transfer biz directors slapped with first-ever sentences for cartel conduct
The directors of two money transfer businesses accused of fixing foreign exchange rates are the first ever individuals to be sentenced in Australia to prison terms for criminal cartel conduct.
ACCC may put brakes on Aurizon’s $2.3B bid for One Rail
The Australian Competition and Consumer Commission has raised preliminary concerns that Aurizon's proposed $2.3 billion acquisition of rail haulage company One Rail could stymie competition in the NSW and Queensland markets for coal haulage services by rail.
Meta wants details of tech capabilities kept under wraps in ACCC case
Facebook owner Meta is fighting for broad non-publication orders in its battle with the ACCC over material it says could prejudice jury members in criminal proceedings by mining magnate Andrew Forrest.
ACCC, Fujifilm ‘close’ to settling case over small biz contracts
The Australian Competition and Consumer Commission is “close” to settling its case against office supply company Fujifilm over allegedly unfair contracts with small businesses, a court has heard.