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ACCC accuses mobile crane companies of cartel conduct
Competition & Consumer Protection 2025-09-03 11:45 pm By Cat Fredenburgh

The ACCC has taken Sydney’s four largest mobile crane companies and four of their senior executives to court for allegedly engaging in cartel conduct by agreeing not to supply cranes to certain customers or construction sites.

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CDPP drops charges against former Bruck Textile execs
Employment 2025-09-03 11:28 pm By Cat Fredenburgh

The CDPP has dropped charges accusing former executives of collapsed Bruck Textile Technologies of scheming their way out of making more than $3 million in redundancy payments, following an appellate ruling in their favour clarifying when it’s a crime to prevent the payout of employee wages. 

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‘Disgraceful’: Court hits Open4Sale directors with $2.8M penalties
Financial Services 2025-09-02 11:16 pm By Christine Caulfield

Open4Sale Global’s directors have been penalised $2.6 million for breaching disclosure laws in raising money from investors, who were labelled “a bunch of idiots” by the company’s boss.

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SocGen hit with $3.88M fine for market gatekeeper failures
Financial Services 2025-09-02 11:55 pm By Julia Kanapathippillai

French bank Societe Generale has been hit with a $3.88 million fine for allowing two clients to place suspicious orders on the electricity and wheat futures market, following an investigation by ASIC.

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ACCC accuses Aldi produce suppliers of engaging in cartel conduct
Competition & Consumer Protection 2025-09-01 2:19 pm By Cat Fredenburgh

The ACCC has accused four produce suppliers and three senior executives of fixing prices on vegetables supplied to discount grocery chain Aldi over a six-year period.

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Mastercard can’t shield in-house counsel’s communications in ACCC case
Financial Services 2025-09-01 11:03 pm By Cindy Cameronne

Mastercard has lost its claim for legal professional privilege over communications between its chief financial officer in Singapore and in-house counsel about merchant agreements the ACCC alleges were anti-competitive. 

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BlueScope loses appeal in ACCC’s attempted price-fixing case
Competition & Consumer Protection 2025-08-29 12:35 pm By Christine Caulfield

An appeals court has dismissed BlueScope Steel’s challenge to a decision finding it engaged in attempted price-fixing and was on the hook for a record $57.5 million penalty.

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Noni B owner to cop $25M penalty for delivery time promises
Competition & Consumer Protection 2025-08-28 11:44 pm By Cat Fredenburgh

Noni B owner Mosaic Brands has been hit with a $25 million penalty for breaching consumer laws by failing to delivery 740,000 packages within the time frame specified on its website.

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ASIC cancels MWL Financial’s licence over Shield Master Fund investments
Financial Services 2025-08-28 11:12 pm By Cat Fredenburgh

The corporate cop has cancelled the financial services licence of MWL Financial and banned its director for 10 years for allegedly directing more than 750 clients to invest a combined $155 million into Keystone’s failed Shield Master Fund.

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Nuix must foot $20M in legal bills given ‘notorious’ costs of securities class actions: judge
Insurance 2025-08-27 11:31 pm By Cat Fredenburgh

Nuix is on the hook for $20 million before its insurers will cover its legal bills for suits over its $1.8 billion float, with a judge saying there was a good reason for the significant retention given the “notorious” expense of securities class actions.

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