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Spotless, Ventia in court over alleged price-fixing on Defence contracts
Facilities services companies Spotless and Ventia and four executives have been taken to court by the competition watchdog, accused of fixing prices on Defence contracts.
Kraken crypto exchange operator Bit Trade must pay $8M penalty
The Australian operator of crypto exchange Kraken has been ordered to pay $8 million for failing to comply with design and distribution obligations.
Viva Energy’s proposed acquisition of LOC Global gets ACCC’s OK
Viva Energy has been given the all-clear by the ACCC to acquire the remaining 50 per cent share of LOC Global after agreeing to sell 14 service stations to Solo Oil.
Sydney University to pay $23M to underpaid staff in agreement with FWO
The University of Sydney will pay $23 million to over 14,000 current and former workers who were underpaid over an 8-year period as part of a deal with the Fair Work Ombudsman.
Law firms to join forces in class actions against Coles, Woolworths
Two law firms that were set to run competing class actions against Coles and Woolworths over alleged illusory discounts have reached an in-principle agreement to collaborate.
‘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.