ACCC

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 that allowed the internet provider to keep customers' unused prepaid funds on phone or internet plans.

The Australian Securities and Investments Commission told the government's class action inquiry that it was committed to making the existing class action regime work with upcoming regulations that will spell the end of its "light touch" approach to litigation funders.

The ACCC has launched court proceedings against Google, accusing the search engine giant of duping millions of Australians into agreeing to expand the scope of personal information that could be collected and combined for use in targeted advertising.

A senior officer from the ACCC has rejected claims that the regulator took legal advice from immunity applicant JPMorgan before launching its high profile criminal cartel case against ANZ, Citigroup and Deutsche Bank.

A former high-ranking Deutsche Bank executive charged with involvement in an alleged cartel agreement relating to a $2.5 billion ANZ share placement claims he was dragged into the case becaused of the "incredibly slapdash" methods of the ACCC.

The Australian Competition and Consumer Commission has instituted court proceedings against a unit of French sporting goods giant Decathlon alleging it flouted product safety standards over a three-year period.

Online odd jobs platform Service Seeking has been fined $600,000 for falsely representing that reviews on its platform were written by customers when in fact they were written by the businesses themselves.

ANZ Banking Group has slammed a decision by the ACCC to escalate concerns that one of its key cartel witnesses was not being "full and frank", claiming this was a way to put pressure on the witness and bring his evidence into line.

The ACCC's investigatory techniques have come under fire during a hearing over an alleged criminal cartel agreement between ANZ and two investment banks, with a barrister for one of the banks suggesting investigators from the regulator deliberately did not take notes during hundreds of days of witness interviews to avoid disclosure.