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Toyota has become the first car manufacturer to be hit with a class action in Australia over faulty Takata airbags, Quinn Emanuel said Monday, and six other automakers are next.
Medibank ‘disappointed’ that ACCC is appealing case, CEO says
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Medibank CEO Craig Drummond said Monday the private health insurer was “disappointed” that the ACCC was appealing its loss in a consumer case accusing the insurer of unconscionable conduct in advising members about coverage limits.
ACCC to get tougher on contracts that hurt small biz, lawyers warn
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It warned offenders, and then it won its first case. Now with the one-year anniversary of laws protecting small businesses from unfair contracts ticking over, expect the consumer regulator to take no prisoners, lawyers say.
Judge OKs $100M in rate-rigging settlements
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A Federal Court judge on Friday signed off on $100 million in settlements between Australia’s securities regulator and National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd. for attempting to manipulate the market for the bank bill swap reference rate.
ACCC wins first penalty under new franchising code
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The Australian consumer regulator has secured its first penalty in a case brought under the new Franchising Code of Conduct, with a court ordering Pastacup franchisor Morild to pay $100,000 for breaching the code.
Clock’s ticking for Slater & Gordon class members
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Members of a class action against Slater and Gordon have until Tuesday to make their case against the $36.5 million settlement hammered out by Maurice Blackburn’s lawyers.
Meriton tried to thwart bad TripAdvisor reviews, judge says
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Property manager Meriton Property Services violated the law by trying to keep guests at its properties from posting bad reviews on TripAdvisor, the Federal Court said Friday, a win for Australia’s consumer regulator in its first case over online reviews.
Competition on the rise among NBN providers, ACCC says
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Competition for access to the National Broadband Network is ramping up, the ACCC said, and providers are buying more capacity to deliver on promised internet service speeds.
ACCC allows AusPost franchisees to collectively bargain
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The Australian competition regulator has signed off on a bid by a post office industry group that represents Australia Post franchisees to collectively negotiate with Australia Post.
Citibank repays cardholders $4.3M
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Citibank will provide refunds of $3.3 million to credit card customers for failing to refund them when their credit card accounts were closed with an outstanding credit balance.