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Allianz pleads guilty to false statements about travel insurance coverage
Insurance 2022-06-15 10:28 pm By Christine Caulfield

Insurer Allianz has pleaded guilty to six charges of making false or misleading statements online about the scope of cover under its travel insurance. The […]

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Avanteos hit with $1.7M penalty in landmark criminal case over dead member fees
Financial Services 2022-06-15 9:52 pm By Christine Caulfield

Former Commonwealth Bank subsidiary Avanteos Investments has been slugged with a $1.7 million penalty after pleading guilty to charges it failed to update disclosure statements […]

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ASIC wins contested extension in Mayfair, Mawhinney appeals
Appeals 2022-06-14 9:23 pm By Sam Matthews

A judge has granted ASIC a hotly contested extension of time in appeals brought by  Mayfair Group and founder James Mawhinney after a judge slapped […]

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ASIC puts funds on notice about ‘greenwashing’
Environment 2022-06-14 2:09 pm By Cindy Cameronne

The Australian Securities and Investments Commission has put issuers of superannuation and managed funds on notice that it is monitoring the market for ‘greenwashing’ in […]

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Money transfer biz directors slapped with first-ever sentences for cartel conduct
White Collar 2022-06-09 12:36 pm By Cindy Cameronne

The directors of two money transfer businesses accused of fixing foreign exchange rates are the first ever individuals to be sentenced in Australia to prison […]

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ACCC may put brakes on Aurizon’s $2.3B bid for One Rail
Competition & Consumer Protection 2022-06-09 9:56 pm By Harry Thomas

The Australian Competition and Consumer Commission has raised preliminary concerns that Aurizon’s proposed $2.3 billion acquisition of rail haulage company One Rail could stymie competition […]

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Meta wants details of tech capabilities kept under wraps in ACCC case
Cryptocurrency 2022-06-09 7:23 pm By Sam Matthews

Facebook owner Meta is fighting for broad non-publication orders in its battle with the ACCC over material it says could prejudice jury members in criminal […]

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Property guru Sasha Hopkins converted investor funds into crypto assets, ASIC says
Financial Services 2022-06-08 3:05 pm By Sam Matthews

The Australian Securities and Investments Commission has released details of its allegations against embattled property developer Sasha Hopkins, who is the subject of several freezing […]

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ACCC, Fujifilm ‘close’ to settling case over small biz contracts
Competition & Consumer Protection 2022-06-08 4:14 pm By Cindy Cameronne

The Australian Competition and Consumer Commission is “close” to settling its case against office supply company Fujifilm over allegedly unfair contracts with small businesses, a […]

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Nufarm takes Advanta Seeds to court after patent lapse held to be lawyers’ error
Intellectual Property 2022-06-08 4:59 pm By Sam Matthews

Agricultural chemical company Nufarm has appealed a decision giving rival Advanta Seeds extra time to pay a renewal fee for its patent for a hybrid […]

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