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ACCC blesses $1.15B Viva Energy, OTR tie-up with divestitures
Competition & Consumer Protection 2023-12-14 10:46 pm By Cat Fredenburgh

The ACCC has signed off on Viva Energy’s $1.15 billion acquisition of South Australia-based convenience store chain On The Run Group, after it agreed to divest 25 Coles Express sites in the state.

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You snooze, you lose sales tactic targeted in ACCC case against mattress supplier Emma Sleep
Retail 2023-12-14 11:16 pm By Christine Caulfield

Online mattress retailer Emma Sleep faces enforcement action by the ACCC alleging the company’s ad campaigns were false and misleading when they implied prices had been discounted and that sales offers would not last long.

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Fitbit hit with $11M penalty for misleading customers about refunds
Competition & Consumer Protection 2023-12-12 3:38 pm By Christine Caulfield

Google’s Fitbit has been ordered to pay $11 million for misleading statements about customers’ rights to refunds or replacements for faulty devices.

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Continental Coal ex-director Peter Landau gets jail time for stealing
Energy & Natural Resources 2023-12-12 11:43 pm By Cat Fredenburgh

A former director of failed Perth mining company Continental Coal has been jailed for more than three and a half years after pleading guilty to multiple crimes, including stealing $2.2 million and forging a bank statement.

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Australia Post to pay $2.9M compensation for lost or damaged parcels
Competition & Consumer Protection 2023-12-19 11:25 pm By Christine Caulfield

Australia Post has agreed to compensate business for lost or damaged parcels after admitting it likely engaged in misleading or deceptive conduct when it refused claims for compensation.

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ANZ hit with $900,000 penalty for share placement disclosure failures
Securities 2023-12-08 3:38 pm By Christine Caulfield

ANZ’s failure to disclose a bailout by banks underwriting a $2.5 billion share placement has resulted in a penalty of less than $1 million, ending an eight-year saga that included an aborted criminal trial.

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Mercer Super agrees to pay $11.3M penalty in ASIC’s first greenwashing case
Financial Services 2023-12-07 1:46 pm By Sam Matthews

Mercer Superannuation has agreed to pay $11.3 million in a case the regulator said was “the first and we hope the last” greenwashing case of its kind. 

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ACMA fines Telstra $3M for $21M billing error
Telecommunications 2023-12-06 10:49 am By Cat Fredenburgh

Telstra has been hit with a $3 million penalty by the communications regulator for billing small businesses $21.1 million over an 11-year period for inactive internet services.

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‘We don’t know’ not a reason to block $4.9B Suncorp merger, ANZ says
Financial Services 2023-12-04 11:17 pm By Cindy Cameronne

ANZ has criticised the ACCC’s objection to its planned $4.9 billion merger with Suncorp, arguing before a tribunal that the alleged “uncertain” effects on competition in banking was not a sufficient reason to block the deal.

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Qantas stands by defence in ghost flights case
Competition & Consumer Protection 2023-12-04 9:54 pm By Cat Fredenburgh

Qantas has hit back the ACCC’s argument that the airline failed to respond to key allegations in its ‘ghost flights’ case, telling the court it’s the regulator’s job to particularise its claims.

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