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The corporate regulator has delivered a scathing report on exchange operator ASX, finding it has significantly under-invested in technology in favour of delivering short-term dividends to shareholders.
RAMS franchisee doesn’t want to be ‘swept into’ class action trial
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A former RAMS franchisee has raised concerns about a joint trial of its case with a related class action against the defunct Westpac home loan subsidiary, saying the overlap between the cases may be “much less than advertised”.
ACCC taps keg supplier’s acquisition of rival for in-depth review
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The competition regulator will further probe US keg company MicroStar’s proposed acquisition of the assets of rival keg pooling service Konvoy, saying the transaction could substantially lessen competition.
Aged care provider to backpay staff $11M under deal with FWO
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Non-profit aged care provider Southern Cross Care has agreed to pay over $11.7 million to 5,500 underpaid staff as part of a court-enforceable undertaking with the Fair Work Ombudsman.
Uber ‘not a mere conduit’, High Court told in $81M payroll tax case
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Rideshare giant Uber is not a passive intermediary between drivers and riders, the NSW Office of State Revenue has told the High Court in a case over $81 million in payroll tax, but controls trips via its platform “from start to finish”.
Shein, Kmart accused of copying designs of Qld clothing company
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Queensland-based online clothing shop Sabo Skirt has taken 20 companies to court — including fast fashion giant Shein and retailer Kmart — for allegedly selling cheap knockoff versions of its designs.
ACCC seeks $36M penalty against Emma Sleep for misleading discounts
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The consumer watchdog is pushing for a $36 million penalty against Emma Sleep after it admitted to repeatedly misleading consumers about discounts, but the online mattress retailer says a $2 million fine is adequate.
SIXT says airport operator seeking ‘best of both worlds’ in $1.9M rent feud
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German car hire company SIXT has attacked the Darwin International airport owner’s construction of their lease contract in a $1.9 million spat over the appropriate formula for rent calculations, saying it was trying to have the “best of both worlds”.
Woolworths must produce Big W closure strategy docs in row with landlord
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A Woolworths entity must hand over documents concerning its plan to close unprofitable Big W stores in a stoush with a Brisbane shopping centre owner over an alleged breach of a 20-year lease.
Qube’s privilege claim in Martinus Rail spat shot down in part
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Martinus Rail has won access to some documents produced in a dispute with logistics company Qube over the Moorebank Intermodal Terminal project, despite claims by the logistics company that the material was privileged.