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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.
Fired CSIRO scientist can expand sex discrimination case
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A former CSIRO scientist who claimed she was sacked after speaking out about systemic sex discrimination has won court approval to expand her lawsuit against Australia’s national science agency.
Air France looks to ground “Love is in the Air” copyright case
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Air France has denied claims of copyright infringement by the writers of “Love is in the Air”, saying its “France is in the Air” song and ad campaign are derived from a different, original work.
AWB to drop unfair contract terms that raised ACCC’s ire
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Australia’s largest agribusiness, AWB Harvest Finance Pools Pty Ltd, has agreed to make changes to the contracts it uses with farmers after the Australian Competition and Consumer Commission flagged terms of its contracts for being unfair.
Slater and Gordon seeks costs for CFMEU merger objections
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Slater and Gordon is seeking costs for defending against unsuccessful challenges brought by two industry groups to the merger of the Construction, Forestry, Mining and Energy Union with two other unions.
Sacked delivery riders take test cases to Fair Work Commission
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The Fair Work Commission will have a chance to weigh whether delivery riders are protected under workplace laws when two riders take their unfair dismissal cases to the agency this week.
Bayer pesticide patents invalidated after Syngenta challenge
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The Australian Patent Office has invalidated two insecticide patents by Bayer on a challenge by rival Syngenta, with a delegate of the agency ruling the inventions’ claims were obvious.
Banks may face credit card insurance class action
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Slater and Gordon is mulling a class action against Australian banks over credit card insurance, which the firm describes as “worthless” and “junk” because many people who are sold the insurance are not eligible to make a claim.