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The consumer regulator has brought proceedings against Amazon, alleging it relied on unfair contract terms in its Prime Video subscription contracts to introduce advertising to its streaming service.
In a new report, ASIC warns Australia risks losing ground to overseas competitors unless it provides more clarity on technologies like tokenised assets and AI, which the regulator said could shake up longstanding assumptions about intent and misconduct.
The corporate cop will not take enforcement action against consumer lender Humm Group or its subsidiaries, following investigations into the companies' reporting processes and contract terms.
A judge has found that ASIC's case against WA gold mining company Wiluna over alleged omissions in a 2022 ASX announcement should await the determination of related cases against two executives, citing the risk of inconsistent findings.
Online retail giant Amazon has been ordered to reinstate an employee after the Fair Work Commission found remarks he made leading to his dismissal were “smart-arse” but did not constitute harassment or discrimination.
The ACCC has opened a phase 2 review of calibration and asset management services provider Trescal's proposed acquisition of TechRentals Calibration & Sales after identifying potential risks to competition.
Construction PRO
Coles Group's proposed acquisition of a leasehold interest in a Kalgoorlie supermarket and liquor store site would substantially lessen competition in the retail supply of groceries in the region, the competition cop says.
A parliamentary committee has called on the ACCC to investigate Apple's digital payments market power, finding that the sector is "anti-competitive, opaque and complex".
Social media companies may soon face penalties of up to $99 million for failing to comply with new rules barring children under 16 from accessing their platforms.
The corporate regulator says platform super trustees are failing to monitor excessive advice fees, risky adviser behaviour and high-risk super switching, despite $1 billion in losses suffered by investors in the wake of the collapse of the Shield and First Guardian Master Funds.