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Mecca units pay $594,000 for financial reporting blemish
Three companies associated with makeup retailer Mecca have copped $594,000 in penalties for allegedly failing to lodge audited financial reports on time.
eSafety probes platforms over compliance with kids social media ban
The sSafety Commissioner is investigating five major social media companies over their compliance with a new ban on kids under 16 accessing their platforms, saying they have not implemented appropriate systems to keep kids off.
OPSM franchise operator cops $19,800 penalty for outdated disclosures
The operator of eyewear franchises OPSM and Laubman & Pank has paid a $19,800 penalty after the ACCC found it failed to provide up-to-date disclosures to prospective franchisees, several years after promising to make its franchise system more transparent. 
Construction PRO
John Holland, CPB fined over asbestos-laced mulch at Rozelle Parklands
John Holland and CPB Contractors have agreed to pay $150,000 after mulch which contained fragments of asbestos was found at Sydney's Rozelle Parklands in January 2024.
Mastercard loses appeal of privilege waiver ruling in ACCC’s case
Mastercard has lost its challenge to a ruling requiring it to hand over communications about agreements with retailers in a misuse of market power case brought by the competition regulator. 
Binance Australia Derivatives fined $10M for offering ‘risky’ crypto products to retail customers
A judge has slapped defunct crypto firm Binance Australia Derivatives with a $10 million penalty for misclassifying around 500 retail customers as eligible to invest in risky derivatives intended for sophisticated investors. 
$100M penalties for petrol price misconduct as war’s oil shock bites
Parliament has rushed through legislation doubling penalties against petrol companies for pricing misconduct to $100 million, as prices skyrocket due to the ongoing conflict in the Middle East. 
ACCC, Meta in discovery standoff in crypto ad scam case
A judge has asked the Australian Competition and Consumer Commission and Meta to resolve their standoff over document discovery in a case over scam cryptocurrency ads on Facebook.
Trike maker locked in recall fight with Target wants to withdraw admission
Israel-based Smart Trike is seeking to withdraw its admission that it supplied noncompliant convertible strollers to the Australian market in a fight with distributor Target over a recall of the products. 
Qteq chair hit with record $1M penalty for attempted cartel conduct
A judge has fined Queensland mining equipment company Qteq $5 million and chair Simon Ashton a record $1 million for attempting to engage in cartel conduct.