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Japanese retail store Daiso has been fined $355,000 for selling dangerous products, including projectile toys, that did not comply with Australian safety standards.
Macquarie Bank faces 3rd wage suit by financial advisers
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Macquarie Bank has been hit with a third lawsuit by financial advisers alleging the bank broke the law by paying them solely in commissions, this one by a dozen Brisbane-based advisers seeking more than $3.25 million in regular wages.
ACCC raises red flags over proposed copyright reform
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The Australian Competition and Consumer Commission has accepted the need for expanded fair use copyright exemptions but warned applying one of the existing fairness factors more broadly could hinder innovation and increase investment costs.
Kalus Kenny Intelex dodges contempt charges in ASIC case
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Boutique law firm Kalus Kenny Intelex has escaped contempt of court charges sought by the corporate watchdog alleging it breached orders freezing the assets of clients allegedly involved in a binary options scam.
Radio Rentals class slammed for delaying proceedings
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A barrister representing Radio Rentals in a class action alleging its rental practices violated responsible lending laws has told a Federal Court judge that repeated delays by the Maurice Blackburn-led class could damage the company.
ACCC sues Aurizon, Pacific National to block rail deal
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The Australian Competition and Consumer Commission has sued Aurizon and Pacific National, claiming a proposed $225 million deal over a major rail freight business in Queensland would have substantially lessened competition.
ACCC competition concerns stall WestConnex acquisition decision
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The Australian Competition & Consumer Commission has postponed its final decision around Sydney Transport Partners’ proposed acquisition of a 51% stake in the $16.8 billion WestConnex project from the NSW Government, citing “unusually complex competition issues”.
ACCC working on undertaking with Apple Australia, judge told
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The ACCC is working on a court enforceable undertaking with Apple’s Australian unit after it reached a $9 million settlement with Apple Inc. over allegations the company’s iPhone and iPad repair policies violated the Australian Consumer Law, a Federal Court judge said Wednesday.
Google hit with record $6.8B antitrust fine over Android system
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Google has been fined a record $6.8 billion by the European Union’s antitrust watchdog for imposing restrictions on its Android operating system to maintain its search engine dominance.
Judge says Apple case ‘paradigm example’ of ACL penalty problem
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In a judgment signing off on Apple’s $9 million settlement with the ACCC over the tech giant’s repair policies, a Federal Court judge has said the case is a “paradigm example” of the problem with how penalties are assessed under the Australian Consumer Law.