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ACCC clears Coles’ acquisition of Saputo milk processing plants
The Australian Competition and Consumer Commission will not oppose Coles' plans to acquire two milk processing plants from Saputo, saying the $105 million deal is not likely to substantially lessen competition.
RACQ to pay $10M for misleading customers about insurance discounts
RACQ Insurance has agreed to pay a $10 million penalty for misleading customers about their entitlements to discounts on certain insurance products.
Businesses to face steep penalties for failing to block scams
The Albanese Government has floated a new regulatory framework under which businesses would face steep penalties for failing to do their part to prevent scams.
Ex-ANZ unit hit with $5M penalty for fees-for-no-service conduct
Former ANZ superannuation trustee OnePath Custodians has been hit with a $5 million penalty for charging superannuation members more than $4 million in fees that it was not entitled to.
Sensitive data of 223,000 people stolen in ACL data breach: OAIC
'Serious and systemic' failures in Australian Clinical Labs' cyber framework left the pathology services provider vulnerable to a cyberattack that exposed the sensitive health data of more than 223,000 people, including tests for fertility and sexually transmitted diseases, according to the OAIC.
Ex-BBY manager charged over $8.4M transfer of client funds before collapse
A former manager of stockbroking firm BBY Limited is the second senior employee to front court faced with criminal charges following the firm's failure.
Yoghurt maker Moo removes ‘100% ocean plastic’ claim from tubs
Moo Premium Foods has agreed to remove claims from its yoghurt tubs that the packaging is made from 100% ocean plastic, following an investigation by the ACCC as part of the regulator's crackdown on greenwashing.
Investors lost $500M trading CFDs, new class action alleges
Sydney-based online broker International Capital Markets is facing a class action by inexperienced investors who allegedly lost $500 million in trading risky contracts for difference.
ACCC again calls for regulation as digital platforms expand reach
The Australian Competition and Consumer Commission has again called for new laws to regulate digital platforms as they creep further into the daily lives of Australians through smart home devices and personal cloud storage.
ACCC accuses online training provider of misleading consumers
The competition regulator has taken training provider Express Online Training to court for allegedly misleading consumers by promising they would only be charged for their online courses upon completion and that the courses could be finished in one day.