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Biogen said Thursday it will pull its multiple sclerosis drug Zinbryta in Australia, nearly two weeks after the biotech company issued a worldwide withdrawal of the drug following reports of encephalitus in Europe.
Herbert Smith Freehills to oust partner over sexual harassment claims
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Herbert Smith Freehills has suspended an Australian partner and intends to remove him from the partnership within a week after multiple allegations of sexual harassment were made, the firm said Friday.
ACCC seeks market input on Saputo offer to sell Koroit plant
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The ACCC wants the public to weigh in on Saputo’s offer to sell its Koroit dairy plant in Victoria to win the regulator’s blessing for its $1.3 billion tie-up with Murray Goulburn.
Equifax duped customers, ACCC says in enforcement action
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The consumer regulator has launched enforcement action against Equifax, accusing the credit reporting company of duping vulnerable customers into paying for credit reports that were only as good as its free reports.
New rule sets standard for handling NBN complaints
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Australia’s communications regulator released new proposed rules today for telcos on handling consumer complaints about migration to the National Broadband Network.
BHP should have considered other work for miner: FWC
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A BHP subsidiary acted unreasonably when it failed to consider alternative work for an incapacitated employee and instead sent him home without pay for three weeks, a Fair Work Commissioner has found.
Study blasts Volkswagen recall fix
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Volkswagen cars equipped with a software fix implemented in the wake of the emissions scandal are still emitting 400 percent more noxious emissions on road than in lab tests, according to a new study by the Australian Automobile Association.
ASIC to crack down on unfair lending contracts
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ASIC put banks and other lenders on notice Thursday that unfair lending contracts aimed at small business will be an enforcement priority for the securities regulator.
Banks slammed for uncompetitive mortgage pricing
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Australia’s largest banks are weak when it comes to offering competitive prices on residential mortgages, Australia’s consumer regulator said Thursday in the first review undertaken by its newly formed financial services unit.
ACCC raises concerns over Pacific National, Aurizon deal
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The Australian Competition and Consumer Commission said Thursday that Pacific National’s proposed acquisitions of Aurizon’s Queensland intermodal freight haulage business and intermodal rail terminal at Acacia Ridge in Brisbane raises significant competition concerns.