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The Australian Competition and Consumer Commission has raised concerns about MYOB’s proposed bid for Reckon’s accounting unit, saying it could substantially lessen competition in the market for accounting software.
Pelvic mesh report calls for medical device registry
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A long-awaited congressional report has called for an overhaul of medical device regulation in Australia, in the wake of a system-wide failure to protect women who suffered “devastating” consequences after being implanted with faulty vaginal mesh products.
Cos. to face new penalties for manipulating financial benchmarks
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Companies that manipulate financial benchmarks will face specific civil and criminal penalties under changes to the law made by the government today, in the wake of $100 million in settlements by two of Australia’s largest banks last year over claims they manipulated the bank bill swap reference rate.
Judge dismisses ex-Norton Rose lawyer’s arguments for mediation move
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A judge on Wednesday issued his reasons for refusing a bid by a former Norton Rose Fulbright lawyer to move scheduled mediation of the case out of Sydney, and he didn’t pull any punches.
ACCC delays decision on Saputo, Murray Goulburn merger
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The Australian competition regulator has delayed its decision on the proposed $1.3 billion merger of dairy giant Saputo with Australian milk co-op Murray Goulburn to consider feedback from market participants.
Biotech co. settles case over low-GI sugar patent claims
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Australian biotech company Holista Colltech has resolved litigation over ASX announcements that said it was collaborating with a Nobel Prize nominee to file a patent for the world’s first low-GI sugar.
CSIRO wins challenge to Rio Tinto patent
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CSIRO has won a challenge to an application for a mining patent filed by mining giant Rio Tinto, with an IP Australia delegate finding no patentable subject matter could be claimed.
House to weigh bill to give ASIC competition powers
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A measure to add competition concerns to the mandate of the Australian Securities and Investments Commission was formally introduced in the House on Wednesday.
New bill would make it easier to bring consumer class actions
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Private follow-on actions for consumer law violations will be easier to bring under a new bill introduced in the House on Wednesday, a potential boon to class action lawyers in Australia.
Report calls for stronger consumer protections for life insurance
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A joint parliamentary report released today blasted consumer protections for life insurance as weak, and called for an expansion of consumer protection laws to the life insurance sector and stronger enforcement powers for the Australian Securities and Investments Commission.