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The CFMMEU and two of its officers have been hit with a $554,600 penalty for allegedly using the union’s “covert industrial muscle” to pressure a New South Wales crane company to bend to its bargaining demands.
Acciona may have ‘difficulty’ persuading court in spat over $696M Kwinana project
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A judge has granted a 21-day stay of a lawsuit brought by Acciona, a Spanish infrastructure company seeking to use COVID-19 as a reason to back out of its construction contract for the $696 million Kwinana waste-to-energy plant, and has warned the company it faces a difficult task to persuade the court of its case.
ANZ faces new class action over retrospective interest on credit cards
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The Australia and New Zealand Banking Group has been hit with a class action for having “unfair” terms in its credit card contracts that allegedly gave the bank the right to charge account holders retrospective interest.
ACCC updated policies on witnesses after ‘flawed’ bank cartel probe, court hears
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A senior ACCC officer was probed Tuesday on whether the competition regulator updated its guidelines for taking witness statements in July in response to criticism of investigators’ methods in the cartel probe over ANZ’s $2.5 billion share placement.
PwC strikes back in class action over $50M Axsesstoday prospectus
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Professional services giant PricewaterhouseCoopers has hit back at a class action over a $50 million prospectus for Axsesstoday, filing a cross-claim against the asset finance lender and saying it “takes no responsibility” for allegedly defective offer documents.
Mazda’s customer service ‘appalling’ and misleading, but not unconscionable, judge finds
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Mazda’s treatment of customers with defective vehicles was “appalling” and its statements about their entitlement to a refund were false or misleading, a judge has found in a partial win for the ACCC.
Fifth overtime class action filed by junior doctors in Victoria
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Victoria’s Alfred and St Vincent’s hospitals are the targets of a new class action filed on behalf of junior doctors alleging they were not paid for unrostered work that included admitting patients and attending to medical emergencies.
Westpac faces $100M penalty in six ASIC cases over ‘widespread failures’
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Banking giant Westpac has admitted to allegations in six new cases by the Australian Securities and Investments Commission alleging widespread compliance failures across multiple businesses, and will agree to pay a combined $100 million penalty.
Apple denies app store monopoly, says blocking Fortnite didn’t harm Epic Games’ business
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Apple has rejected claims that it misused its market power by pulling Epic Games’ popular Fortnite game from its App Store and says the move did not affect the game developer’s business because most of its revenue comes from other platforms.
Judge orders Employsure to pay $1M after ‘gagging’ at ACCC’s proposed sum
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Specialist workplace relations consultancy Employsure has been ordered to pay a $1 million penalty over a series of misleading Google advertisements, a figure significantly lower than the $5 million sought by the Australian Competition and Consumer Commission.