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Dumpling chain fined $4M for ‘calculated scheme to rob employees’
Employment 2024-04-10 11:45 pm By Sam Matthews

The collapsed companies behind dumpling chain Din Tai Fung have been hit with over $3.8 million in penalties after a judge found they engaged in a “a calculated scheme to rob employees of their hard-earned wages and deceive the authorities”.

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Eyewear retailer Luxottica slapped with $1.5M penalty for e-marketing breaches
Privacy & Cybersecurity 2024-04-10 11:39 pm By Andy Sidler

Luxottica has run afoul of Australian spam laws, paying a penalty of $1.5 million for sending marketing emails without an unsubscribe option. 

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ACCC’s powers to review mergers to get boost under planned reforms
Competition & Consumer Protection 2024-04-09 11:21 pm By Cat Fredenburgh

Treasurer Jim Chalmers is expected to announce changes to Australia’s merger review regime on Wednesday that will require companies to notify the Australian Competition and Consumer Commission of deals above a certain threshold.

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Mayfair 101 founder James Mawhinney charged with dishonest conduct
Financial Services 2024-04-09 3:24 pm By Christine Caulfield

Mayfair 101’s James Mawhinney has been arrested and charged with four counts of engaging in dishonest conduct in running his beleaguered wealth management business.

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Company run by lawyer and wealth guru Dominique Grubisa made misleading statements: court
Competition & Consumer Protection 2024-04-09 2:30 pm By Christine Caulfield

In a win for the Australian Competition and Consumer Commission, a court has found Dominique Grubisa’s DG Institute made misleading statements to students who paid up to $9,000 to enrol in her property investment and wealth management programs.

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On The Run to backpay workers $2.5M in leave entitlements
Employment 2024-04-09 10:23 pm By Andy Sidler

Convenience store operator On The Run will backpay $2.3 million in annual leave entitlements to 1,524 full and part-time employees — mostly console operators and roadhouse attendants working in South Australia. 

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ASIC says it lacks evidence to charge Nuix CEO with insider trading
Securities 2024-04-08 11:21 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has dropped its investigation into whether Nuix’s chief executive officer Jonathan Rubinsztein unlawfully bought shares in the company after learning about a potential takeover offer.

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Melbourne Uni fined for conduct of boss who called academic ‘self-entitled Y-genner’
Education 2024-04-05 10:20 pm By Cat Fredenburgh

A judge has slapped the University of Melbourne with a $74,590 penalty for taking adverse action against two casual academics to prevent them from claiming payment for extra hours worked.

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Funder of failed competing class action wants cut of $16M Dixon Advisory settlement
Class Actions 2024-04-03 4:53 pm By Cindy Cameronne

A funder that bankrolled a class action that was stayed against Dixon Advisory has argued it should receive $969,000 from a $16 million settlement reached in the competing proceedings that went ahead, saying its costs were spent to protect group members’ interests.

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Ultra Tune appeals record $1.5M fine for contempt
Competition & Consumer Protection 2024-04-02 11:27 pm By Cat Fredenburgh

Car repair franchise Ultra Tune is challenging a record $1.5 million fine for contempt for failing to comply with a court-ordered compliance program in proceedings brought by the Australian Competition and Consumer Commission.

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