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Judge mulls joint trial of ACMA case, class action against Optus
Privacy & Cybersecurity 2024-06-14 3:35 pm By Sam Matthews

A judge overseeing several cases against Optus over a September 2022 data breach has raised the possibility of hearing a class action against the telco alongside new proceedings brought by the Australian Communications and Media Authority.

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$8.8B Sigma, Chemist Warehouse merger raises competition concerns: ACCC
Competition & Consumer Protection 2024-06-13 2:16 pm By Andy Sidler

The ACCC has flagged competition concerns about drug supplier Sigma Healthcare’s proposed $8.8 billion reverse merger with Chemist Warehouse, saying the tie-up could harm independent pharmacies and lessen competition in pharmacy retail.

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Payday lenders Cigno, BSF appeal loss in ASIC case
Appeals 2024-06-12 2:58 pm By Christine Caulfield

Payday lenders Cigno and BSF Solutions have appealed a decision that found they provided credit without a licence, and rejected the claim that their loan model is analogous to buy now, pay later arrangements that don’t require a licence.

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SkyCity hit with $67M penalty in AUSTRAC case
AUSTRAC 2024-06-07 2:11 pm By Andy Sidler

A judge has ordered SkyCity to pay a $67 million penalty in AUSTRAC’s case alleging it allowed $4 billion in suspicious transactions, finding it was an “appropriate” sum, even when compared with the $450 million fine handed to Crown last July.

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Net-a-Porter loses challenge to The Iconic’s ‘Considered’ trade mark
Intellectual Property 2024-06-07 1:46 pm By Andy Sidler

The Iconic has defeated a challenge to the online fashion retailer’s application to trade mark ‘Considered’ for sustainable or ethically sourced products, with IP Australia rejecting Net-a-Porter’s argument that the label has not been used in the sense required under the Trade Marks Act.

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Founders of streetwear retailer City Beach win $52M fight with ATO
Tax 2024-06-07 11:24 pm By Sam Matthews

The founders of streetwear retailer City Beach have won a fight with the ATO over the taxation of a $52 million disposal of pre-capital gains tax assets.

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Ex-EY partner claims right to silence in ATO case over alleged tax exploitation schemes
Tax 2024-06-06 12:53 pm By Cindy Cameronne

A former Ernst & Young partner has claimed privilege against exposure to penalty and is seeking orders to avoid filing a defence in proceedings by the Australian Taxation Office alleging he promoted tax exploitation schemes.

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PwC director should not have relied on co-worker’s text message in resigning: FWC
Employment 2024-06-06 11:39 pm By Andy Sidler

The Fair Work Commission has found a former PricewaterhouseCoopers director should not have relied solely on a colleague’s text message in deciding to resign while on leave, rejecting her argument that the accounting firm had essentially forced her resignation.

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High Court won’t take up Clive Palmer’s challenge to criminal charges
High Court 2024-06-06 11:37 pm By Cat Fredenburgh

The High Court will not hear mining magnate Clive Palmer’s challenge to a court’s finding that lawsuits he brought challenging two criminal cases against him over a takeover bid and alleged payments to his political party were an abuse of process and should be stayed.

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Unions to launch battle against ‘discriminatory’ junior pay rates
Employment 2024-06-06 11:45 pm By Andy Sidler

The Australian Council of Trade Unions is planning to challenge junior pay rates at the Fair Work Commission, arguing that the deck is unfairly stacked against young people. 

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