NAB has agreed to pay a $15.5 million penalty for failing to respond to customer hardship notices, around half the size of the penalty ASIC is seeking against Westpac for similar breaches of the Credit Code.
Mobil Oil has admitted it misled consumers by falsely claiming it was selling a specific brand of fuel at Far North Queensland petrol stations, but cites the challenges of supplying the fuel to the region, which it says was a loss-making exercise.
Red Bull has won its opposition to a Chinese beverage manufacturer’s bid to register ‘SeaBull’ as a trade mark for non-alocoholic drinks, with an IP Australia delegate finding the mark is deceptively similar to Red Bull’s.
The High Court has agreed to hear the ATO’s bid to reverse landmark ruling that found an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, a decision that affects $50 billion in trust distributions. The Tax Office won special leave from the High Court on Thursday, as it seeks…
The ACCC will not oppose Allianz Australia’s plan to acquire the personal insurance business of the RAA after finding the transaction, which is part of a $642 million deal, does not pose a substantial threat to competition in the South Australian market. Insurance giant Allianz announced the $642 million deal with the Royal Automobile Association…
Griffith University has signed an enforceable undertaking to backpay $8.34 million in wages, interest and superannuation to 5,457 staff who were underpaid over a nine-year period.
Caravan giant Jayco faces enforcement action for allegedly making misleading claims about the off-road capabilities of its vehicles.
The Australian Securities and Investments Commission has launched action against Australian Unity, alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors.
A judge has found Clive Palmer’s appeal of a judgment striking out his lawsuits against former ASIC chair James Shipton raises important questions about what’s required to advance a claim of misfeasance in public office and should be heard by the Full Court.
The corporate regulator has announced a two-year trial for new rules that will streamline the public offering process “to deliver more IPOs” amid a dip in floats.