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The Royal Bank of Scotland has agreed to pay $12.58 million to settle a consumer class action brought on behalf of purchasers of its financial products.
Domino’s scraps plans for new enterprise agreement
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Domino’s Pizza has dropped its pursuit of a new enterprise bargaining agreement and will leave employees on the fast food industry award, the company said Monday.
High Court refuses Newcastle port appeal in access dispute
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The High Court of Australia has rejected an appeal by the Port of Newcastle to overturn a decision that declared the shipping channel at the port and gave the Australian Competition and Consumer Commission regulatory power to settle access disputes.
ACCC to rethink approach to penalties
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The Australian Competition and Consumer Commission will reconsider its approach to penalties for competition law breaches, in the wake of a report that found companies faced substantially lower penalties in Australia than in countries with similar competition regimes.
Telstra faces $10M fine for unauthorized billing charges
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Telstra could pay as much as $10 million in penalties after admitting it misled customers by billing them for mobile phone apps they unwittingly bought.
Franchise industry to face greater scrutiny
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Australia’s consumer regulator said Friday that protecting franchises from unfair business practices will continue to be a top priority this year, one day after the Senate voted to establish an inquiry into the franchising industry.
Slater and Gordon looks at Tathra bushfire class action
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Residents and property owners whose homes were damaged or destroyed after a bushfire in Tathra, NSW — believed to have been sparked by an Essential Energy power line — are being invited to join a potential class action by Slater and Gordon.
Insurers could be next target of unfair contract law expansion
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The Australian government is mulling whether to extend unfair contract laws to insurance contracts, Finance Minister Kelly O’Dwyer said.
ACCC targets Vocus for misleading NBN speed claims
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Three units of Vocus have entered agreements with the ACCC to refund customers for promising NBN speeds they couldn’t deliver.
New claims target GetSwift’s enterprise client announcement
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Squire Patton Boggs has expanded its shareholder class action against GetSwift to include claims over statements the logistics software company made to shareholders regarding high-volume enterprise contracts.