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Building materials manufacturer the Borg Group has been given the all-clear by the competition regulatory to buy two plants from Australia’s largest supplier of wood products.
Judge fines computer shop $750k for misleading consumers
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A federal court judge has ordered Australian computer retailer MSY Technology to cough up $750,000 for misrepresenting consumers rights to remedies on faulty products.
ACCC puts companies on notice with guidance
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The competition watchdog has released anticipated guidelines on the new reforms to competition law passed last week, with businesses now on notice that non compliance is not an option.
Trial postponed in ACCC case against Apple
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The trial in the consumer regulator’s case against Apple alleging iPhone and iPad users were misled about their rights has been put on hold to give both sides more time.
Commission calls for product safety law overhaul
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A new report calls for an overhaul of mandatory product standards, saying reforms would increase competition and lead to annual savings of $350 million.
ASIC, banks delay rate rigging trial again as talks continue
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The trial against three of Australia’s biggest banks over alleged interest rate rigging was pushed back again on Wednesday after lawyers for National Australia Bank and Australia and New Zealand Banking Group told the Federal Court they were still in settlement talks with the securities regulator.
Wine maker wants ACCC ok to bring booze to Deliveroo
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A family-owned South Australian wine maker has asked the Australian consumer regulator to bless a joint marketing effort with other wine producers, including Yalumba and Brown Brothers, to help sell wine through online food delivery service Deliveroo.
Tabcorp takes Tatts merger bid back to tribunal
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The Australian Competition Tribunal takes centre stage again this week in the long-running battle by wagering group Tabcorp to merge with lotto giant Tatts.
Corporate penalties to triple under new proposal
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The Australian Securities and Investments Commission could get more teeth under a new proposal by a Turnbull government taskforce released Tuesday, with penalties for corporate crime tripling from $1 million to $3 million.
ACCC has banner year for enforcement
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Australia’s consumer regulator raked in sizable penalties in the past financial year, winning $41 million in competition and consumer protection matters combined. And with newly passed laws that give it more teeth, the ACCC could be set to inspire even greater fear in the coming year.