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Virgin, Alliance charter pact grounded by competition watchdog
The Australian Competition and Consumer Commission has put the brakes on a cooperation agreement between Virgin Australia and Alliance Airlines for fly-in fly-out customers, citing concerns about increased prices and reduced services. 
Bloomex to admit to duping consumers with online ratings
Online florist Bloomex will admit to the Australian Australian Competition and Consumer Commission's allegations that it violated consumer laws by posting misleading customer ratings on its website.
Finfluencer sentenced to two and a half years for market manipulation
A Melbourne investor who posted in an online forum that a pump and dump scheme was all part of the “fun and games and cat and mouse of the stock market” has been sentenced to two and half years imprisonment for market manipulation.
Ord Minnett fined $888,000 for pre-arranged trades
Wealth management firm Ord Minnett has paid an $888,000 penalty for twice breaching market integrity rules in executing a share buy-back with "pre-arranged" trades.
Pretty in pink: Priceline prevails in push to trade mark signature colour
Discount pharmacy Priceline has finally won its bid to trade mark its signature pink colour, a year after its application was rebuffed by IP Australia.
ASIC targets superannuation fund’s ‘greenwashing’
The Australian Securities and Investments Commission has gone after a superannuation fund over a Facebook post that allegedly overstated the fund's positive environmental impact.
Nuix class action to go ahead despite ASIC case
A shareholder class action against software company Nuix will go ahead as planned, after a stay application threatened to put the proceeding on ice pending the outcome of a separate case brought by ASIC.
MLC agrees to pay $10M penalty in ASIC case
MLC has agreed to cop a $10 million penalty for admitted breaches of the Corporations Act in an ASIC case that alleged the insurer failed to promptly update medical terms in policies and withheld payment of a life insurance benefit.
Lauren Cranston jailed for eight years for Plutus tax fraud
The daughter of a former ATO boss has been sentenced to eight years imprisonment over her role in an $105 million tax fraud involving payroll services company Plutus Payroll, with a judge finding she showed “no contrition” for her conduct.
Meta’s market power still eclipses all other social media combined, ACCC says
Despite the growing popularity of new entrant TikTok, Facebook and Instagram-owner Meta retains significant market power in the social media industry, reporting annual advertising revenue of $5 billion in Australia alone, a report has found.