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Australia’s securities regulator will soon have a new mandate – overseeing competition in the financial sector.
Heinz violated law with sugary kids snacks, court finds
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H.J. Heinz Company Australia Ltd made misleading claims about the health benefits of its Little Kids Shredz products, the Federal Court said Monday.
Senators debate gender pay gap bill to ban gag clauses
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A bill aimed at tackling gender pay inequality got floor time in the Senate on Monday, but despite consensus that the gap needs bridging, lawmakers debated the best fix.
Yazaki can address ‘course of conduct’ in ACCC appeal, judge says
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The Full Court has allowed Yazaki Corporation to file additional documents as it weighs the ACCC’s case that the auto parts maker got off easy when the federal court slapped it with a $9.5 million penalty in May for engaging in cartel conduct.
Telstra, Vodafone settle Voxson infringement suit over GPS patent
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Telstra and Vodafone have reached a mid-trial deal to end an infringement case alleging use of GPS technology by the telcos to track customer phones violates a 1994 patent.
ASX updates disclosure obligations in wake of GetSwift action
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The Australian Stock Exchange has updated rules on company disclosures regarding consumer contracts, in the wake of a share suspension and investor class action against logistics software company GetSwift for “overhyped” business contract announcements.
Judge oks S&P deal in Lifeplan case, as another trial kicks off
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As trial enters its second week in a landmark case against S&P Global, a judge has signed off on a settlement of a separate class action against the U.S. credit ratings agency over its alleged role in the global financial crisis.
Linfox workers lose appeal in FWC case
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A group of Linfox workers in Victoria has lost a challenge to a Fair Work Commission ruling that found in favor of the transport giant in a dispute over the scope of their jobs.
VW emissions cheating trial to wrap up Monday
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The first stage of the Australian trial alleging Volkswagen installed dual-mode software in diesel vehicles to cheat on emissions tests will wrap up Monday, when class action lawyers deliver a final rebuttal and closing arguments.
FWC won’t delay super union merger
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The Fair Work Commission has refused a bid by an employer group to halt the merger of the Construction, Forestry, Mining and Energy Union and two other unions while a challenge is heard.