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Toys ‘R’ Us Australia will wind down after all potential buyers pulled out of purchasing the failed toy retailer, administrators said Wednesday.
Popular baby wash maker fined over “organic” claims
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A popular maker of baby skin products has been fined by the ACCC for claiming its products are organic even though they contain synthetic chemicals.
#MeToo inspires workplace sexual harassment inquiry
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The Australian Human Rights Commission has launched a 12-month investigation into workplace sexual harassment, the first of its kind birthed from the growing #MeToo movement.
CBA’s $700M AUSTRAC settlement gets court OK
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A Federal Court judge has signed off on a $700 million settlement between AUSTRAC and Commonwealth Bank of Australia for violating anti-money laundering and counter-terrorism financing laws, saying the penalty showed the court’s “strong disapproval” of the bank’s actions.
Food delivery startup loses bid to patent ordering method
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A startup that provides company-branded mobile ordering services for the hospitality industry has lost a bid to patent a method for placing orders at a restaurant.
Trustee settles class action over LKM Capital collapse
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The trustee for collapsed investment group LKM Capital has reached a settlement in a class action brought on behalf of hundreds of investors who sunk $63 million into the failed firm.
Alinta Energy to refund customers over misleading ads
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Alinta Energy has agreed to compensate consumers after making misleading comparisons to competitors’ electricity rates in its advertisements.
Rio Tinto wins ok for mining patent on appeal
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Rio Tinto subsidiary Technological Resources has won its appeal of an IP Australia ruling that rejected its mining patent after a challenge by the Commonwealth Scientific Industrial Research Organisation.
Domino’s can’t raise Uber patent in battle over GPS tracking
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A judge has served up a loss for Domino’s Pizza in its ongoing IP battle with Australian tech startup Precision Tracking, dismissing the company’s bid to bolster its case with an Uber patent.
ISPs ordered to block 28 piracy sites, in win for Foxtel
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The Federal Court on Tuesday ordered internet providers Telstra, Optus, Vocus and TPG to block 28 websites accused of facilitating the illegal download and streaming of movies and TV shows.