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A Federal Court judge in Melbourne has slapped Australia and New Zealand Banking Group with a $5 million fine for failing to properly vet customers’ financial backgrounds when providing car loans.
New law targets predatory credit card lending
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A new bill that will crack down on predatory credit card lending practices sailed through Parliament on Thursday, the first reforms to pass in the wake of a Senate inquiry into the credit card market.
IP Australia offers court new reason to reject Rokt patent
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The Australian Patent Office wants the Federal Court to uphold its decision refusing an application by marketing technology start-up Rokt for a patent covering its online advertising system, offering fresh justification.
Royal Bank of Scotland settles class action at 11th hour
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The Royal Bank of Scotland has reached a settlement in a consumer protection class action on the eve of trial in the Federal Court.
Financial complaints watchdog set for 2018 launch
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Australian consumers will soon be able to lodge grievances with a new body for resolving complaints with financial institutions.
First criminal cartel case brought against Aussie co.
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In the first criminal prosecution of its kind against an Australian corporation, prosecutors on Thursday charged a Victorian health care company and its managing director over an alleged wheelchair cartel.
High Court says judges can make union officials pay
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Courts can stop union officials from seeking union cover to avoid paying court-issued fines for breaking the Fair Work Act, the High Court said Wednesday.
NSW appeals court upholds $7M judgment against teleco
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Wholesale satellite broadband provider Ipstar Australia has lost a bid to overturn a $7 million judgment against it for allegedly providing defective equipment and engaging in unconscionable conduct in violation of consumer law.
CFMEU hit with record $1M fine for secondary boycott
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The Construction, Forestry, Mining, and Energy Union has been hit with a record $1 million fine for secondary boycotts at construction sites around Melbourne, a big win for Australia’s consumer regulator in its five-year legal battle with the union.
Judge mulls VW disclosures ahead of first ‘dieselgate’ trial
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A Federal Court judge may rule as early as Friday on whether Volkswagen should be required to answer questions about alleged emissions defeat device software installed in more than 90,000 cars in Australia before the first trial kicks off next month.