CBA’s $25M rate-rigging settlement gets court OK

Posted on 2018-06-212018-07-02 by Christine Caulfield

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The Federal Court has approved Commonwealth Bank’s $25 million settlement with ASIC over allegations it manipulated the bank bill swap rate.

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Toys ‘R’ Us to close after administrators fail to find buyer

Posted on 2018-06-20 by Christine Caulfield

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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.

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Popular baby wash maker fined over “organic” claims

Posted on 2018-06-202018-06-20 by Cat Fredenburgh

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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.

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#MeToo inspires workplace sexual harassment inquiry

Posted on 2018-06-202018-06-21 by Miklos Bolza

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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.

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CBA’s $700M AUSTRAC settlement gets court OK

Posted on 2018-06-202018-06-20 by Miklos Bolza

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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.

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Food delivery startup loses bid to patent ordering method

Posted on 2018-06-202018-06-20 by Cat Fredenburgh

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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.

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Trustee settles class action over LKM Capital collapse

Posted on 2018-06-202018-06-21 by Christine Caulfield

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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.

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Alinta Energy to refund customers over misleading ads

Posted on 2018-06-202018-06-21 by Cat Fredenburgh

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Alinta Energy has agreed to compensate consumers after making misleading comparisons to competitors’ electricity rates in its advertisements.

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Rio Tinto wins ok for mining patent on appeal

Posted on 2018-06-202018-06-26 by Cat Fredenburgh

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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.

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Domino’s can’t raise Uber patent in battle over GPS tracking

Posted on 2018-06-192018-06-19 by Miklos Bolza

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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.

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