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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.
Reckitt can’t ban P&G TV ad in dish detergent dust-up
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Reckitt Benckiser Australia has lost a bid for an interim ban on a commercial by rival Procter & Gamble that claims Fairy Platinum dishwashing detergent is better than RBA’s Finish Quantum detergent, with a judge ruling the scientific evidence backs up the claim.
GetSwift hit with second shareholder suit
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Corrs Chambers Westgarth has filed a shareholder class action against GetSwift alleging it provided inadequate disclosures and misled investors with its overhyped announcements about business contracts, one month after Squire Patton Boggs brought a similar suit.
Cardtronics settles with ACCC over small business contracts
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ATM provider Cardtronics has agreed to change its small business contract, after the Australia’s consumer regulator found some of the terms of the contract were unfair.
FWC rejects ACTU bid for flexible hours, oks unpaid domestic violence leave
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The Fair Work Commission has rejected a call by unions for family-friendly working arrangements but provisionally offered a compromise that would expand the number of employees eligible to negotiate flexible hours.
RBS to pay $12.58 million to settle class action
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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.