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Lawyers are advising large companies to look hard at their business plans to keep on the good side of the Australian Competition and Consumer Commission now that the enforcer has a new arsenal to deploy.
The likes of Google, Facebook and Amazon could find themselves in the crosshairs of a newly empowered Australian competition regulator, and Rod Sims wants to move fast, the chairman told Lawyerly.
The trial in the consumer regulator's case against Apple alleging iPhone and iPad users were misled about their rights has been put on hold to give both sides more time.
The Australian Securities and Investments Commission could get more teeth under a new proposal by a Turnbull government taskforce released Tuesday, with penalties for corporate crime tripling from $1 million to $3 million.
Major changes to Australian competition law that include a ban on companies engaging in concerted practices have passed Parliament, and the competition watchdog says it's ready to crack down on offenders.
Supermarket chain ALDI has taken its personal hygiene wipes off the shelves after the consumer regulator questioned the company's promotion of the product as flushable.