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OPSM owner Luxottica has agreed to make its franchise system more transparent after an investigation by the consumer watchdog found the eyewear giant’s disclosures weren’t up to scratch.
Aussie banknote maker defeats UK rival’s security device patent, for now
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Australian banknote manufacturer CCL Secure has successfully blocked British rival De La Rue International from registering a patent for a banknote security device.
Court tosses Ex-Quintis head’s defamation claims over ASX statements
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A court has struck out defamation claims brought by embattled Quintis founder Frank Wilson against the company’s former directors over ASX statements he alleges suggested he knew about the company’s termination of a supply contract with Nestle’s dermatology unit, Galderma Laboratories.
Judge questions size of Westpac’s $35M settlement with ASIC
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A Federal Court judge on Monday held off on approving Westpac’s $35 million settlement with the corporate watchdog over responsible lending law breaches, saying the amount seemed too high.
Touchpoint Media hit with $265k fine for underpaying journalists
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The Federal Court has ordered Queensland online news company Touchpoint Media to pay over $300,000 in wages owed to journalists and slapped the company with a $265,000 fine.
Mercy Hospital can give pregnant Jehovah’s Witness blood transfusion if needed
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Mercy Hospital for Women in Melbourne can give a pregnant 17-year-old Jehovah’s witness a blood transfusion if her life is at risk during or after childbirth, a judge has found, despite the girl’s refusal to consent on religious grounds.
Banksia class action funder avoids extra costs despite ‘ulterior motive’
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The litigation funder that unsuccessfully sought to block a shareholder from opposing a $64 million class action settlement over the collapse of Banksia Securities is not on the hook for indemnity costs despite bringing the injunction with an ulterior motive.
Judge trims class action against Commonwealth Bank
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A judge has struck out part of a class action against the Commonwealth Bank of Australia that alleges it kept investors in the dark about deficiencies in its systems for monitoring money laundering and terrorism financing risks, saying it wasn’t clear what the bank was expected to disclose.
Prospa to fix unfair contract terms after ASIC probe delayed float
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Online lender Prospa has agreed to alter unfair terms in its standard form small business loan contracts, after it delayed a planned float due to concerns raised by ASIC about its loan terms.
Bellamy’s wants judge to limit costs of competing class actions
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A year after the Federal Court issued its important ruling on competing class actions and foreshadowed orders prohibiting duplicative legal fees, the company at the centre of the proceedings — organic baby food maker Bellamy’s — has called on the court to make good on its promise about costs.