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Honda Australia has been hit with a $6 million penalty for misleading communications made to customers of three dealerships during a restructuring in which the car maker's shuttered its independent dealer network in favour of an agency model.
Despite proposing a divestiture as part of its planned takeover of Healius, Australian Clinical Labs has failed to win the approval of the competition regulator for the $1.5 billion deal.
The corporate regulator has brought proceedings against EverBlu Capital and Creso Pharma director Adam Blumenthal, alleging market rigging and breaches of duty, and has accepted an undertaking by the stockbroker that he will quit his involvement in financial services for the next five years.
Former Bellamy’s Australia director Jan Cameron has been found guilty of two counts of breaching the Corporations Act, following an investigation by the corporate regulator over her failure to disclose her stake in the baby formula company.
The consumer watchdog has asked a court to impose a $15 million penalty against Airbnb in addition to a $15 million consumer redress scheme, in a case alleging the vacation rental giant misled Australian consumers by displaying prices in US dollars.
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.
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.
Google's Fitbit has been ordered to pay $11 million for misleading statements about customers' rights to refunds or replacements for faulty devices.
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.
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.