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‘We will hold them to account’: ASIC accuses Rex of misleading market
The corporate copy has brought court action against Rex and four of its directors alleging the regional airline misled the market about its profits.
Telstra pays $3M penalty over Triple Zero outage
Telstra has been hit with a $3 million penalty for failing to follow emergency call rules during a Triple Zero outage in March.
‘Big gap’ in digital platform regulation despite new ACCC powers: expert
Proposed new regulations would give the ACCC a boost in targeting anti-competitive conduct by digital platforms, but a “big gap” remains in its powers, an expert told Lawyerly.
University of Melbourne to backpay $72M to underpaid staff
The University of Melbourne will backpay $72 million to 25,000 academics who were paid on a ‘words-per-hour’ or ‘time-per-student’ basis, a practice it now acknowledges was unlawful.
iSignthis wins fight to bring evidence of offers to settle with ASIC
Hoping for a discounted penalty, fintech iSignthis has won its bid to adduce evidence of without prejudice offers it made to reach a resolution with ASIC before the regulator took it to court.
Competition fears over Orikan’s proposed merger with parking rival
The Australian Competition and Consumer Commission has raised concerns about the proposed acquisition of parking management company Duncan Technologies by Orikan Group.
Google maintains stronghold on search despite regulatory changes: ACCC report
Google continues to dominate online search services in Australia, holding 94 per cent of the market share despite regulatory changes, the competition regulator said Wednesday.
Coles, Woolworths say price increases were genuine, and so were the discounts
Hitting back at the regulator's claims of dodgy sales promotions, Coles and Woolworths say price increases were the result of real cost pressures, and subsequent discounts were not illusory.
Hamilton Locke loses challenge to Sydney law firm’s trade mark
Hamilton Locke has lost its opposition to the trade mark of a Sydney law firm, with a delegate finding the firms' marks were not likely to cause confusion in the legal market.