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The Australian Competition and Consumer Commission will review the proposed $2 billion acquisition of Sydney’s WestConnex toll road by the Sydney Transport Partners Consortium for potential competition concerns.
Slater & Gordon auditor denies blame for investors’ loss
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Auditing firm Pitcher Partners has filed its defence in a class action accusing it of wrongly signing off on Slater & Gordon’s financial reports, denying responsibility for alleged material misstatements that investors say they relied on to their detriment.
Netgear settles with ACCC over misleading warranties
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Netgear will provide refunds after misleading customers about remedies available to them on purchasing faulty products, another win for the ACCC even as the consumer regulator fights a recent court ruling over the extent of companies’ remedy disclosure obligations.
New law would crack down on misleading broadband claims
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A bill introduced this week seeks to crack down on misleading ads by broadband providers, a practice that recently landed broadband providers Telstra and Optus in hot water with Australia’s consumer regulator.
TWU appeals fine for leaving lapsed members on books
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The Transport Worker’s Union of Australia is challenging a $270,000 fine in a case brought by the union monitor alleging it kept almost 21,000 lapsed members on its register and failed to keep copies of records.
Bank of Queensland settles class action over Sherwin scam
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The Bank of Queensland has reached a settlement close to trial in a class action brought by investors in a multi-million dollar Ponzi scheme masterminded by jailed scammer Bradley Sherwin.
Judge slams CFMEU’s ‘deplorable record’ of law breaking
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The CFMEU has a “deplorable record” of breaking industrial legislation, a Federal Court judge said Monday as it slapped the union and a Victorian delegate with a $105,000 fine for enforcing a closed union construction site in Melbourne.
Media giants want in on appeal of $4.5M Rebel Wilson award
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Australia’s biggest media companies want to lend their weight to an appeal by Bauer Media of a historic $4.5 million award handed to actor Rebel Wilson last year in a defamation case.
IP Australia grounds coffee pod patent
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Australian company Vittoria Food & Beverage has won its challenge to a patent application for a coffee pod system filed by a unit of global food giant Mondelez International.
High Court to decide if pensions count as lost earnings
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The High Court of Australia will tackle the question of whether injured plaintiffs in tort cases are entitled to damages for the future loss of superannuation and the age pension.