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Citibank will provide refunds of $3.3 million to credit card customers for failing to refund them when their credit card accounts were closed with an outstanding credit balance.
Trial date set for ACCC case against health insurer
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A case brought by Australia’s consumer regulator against health insurer NIB Health Funds for allegedly violating consumer protection laws by making changes to its plans without first notifying members will head to trial June 6.
Judge clears way for college to seek appeal in ACCC case
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A judge on Wednesday cleared the way for Sydney-based college Unique International to pursue its appeal of a ruling in an ACCC case that found it violated consumer laws in marketing online vocational training courses, saying the time was not right for a hearing on relief.
Telstra to refund customers with slow NBN speeds
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Telstra will offer refunds to some 42,000 customers after promising National Broadband Network speeds that couldn’t be delivered.
Norton Rose admits backdating signature on filing, says court OK’d it
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Norton Rose has admitted claims by ex-partner Thomas Patrick Martin that a lawyer for the firm retroactively signed and backdated a sealed court document, but says the court told the lawyer to do it.
Judge puts temporary block on Maxigesic ads
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The judge overseeing a case brought by Reckitt Benckiser against Aft Pharmaceuticals over its allegedly deceptive painkiller ads has temporarily blocked Aft from releasing ads that claim its Maxigesic painkiller is stronger than other paracetamol-ibuprofen combination drugs.
NZ competition cop wants to block OfficeMax deal
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New Zealand has asked the country’s High Court to block Platinum Equity LLC’s bid to buy OfficeMax Holdings Limited, echoing concerns voiced by Australia’s competition regulator that the deal will hinder competition.
Global Briefing: AT&T merger challenge, EU bias, jail time in NZ
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A possible challenge to the AT&T, Time Warner mega merger by the DOJ, an explanation for the EU’s fascination with U.S. tech giants, and a win for New Zealand’s consumer regulator. Here’s the big competition and consumer protection news from around the globe this week.
Wesfarmers head slams dairy industry probes
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The head of Wesfarmers has slammed inquiries into the dairy industry by the Australian Competition and Consumer Commission and the Senate, saying the industry needs better infrastructure, not inquiries.
Australian Unity to pay $620,000 for altering policies mid-year
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Australian Unity will fork over $620,000 in compensation to policy holders after an investigation by the consumer regulator found the health insurer had moved the goal posts by altering dental benefits in annual policies halfway through the year.