Please login to bookmark Close
Brisbane-based sporting goods wholesaler FE Sports has been fined $350,000 for engaging in resale price maintenance that prohibited dealers from advertising certain products for less than the recommended retail price.
Banksia silk’s refusal to give evidence while seeking to reopen defence ‘inexcusable’, judge says
Please login to bookmark Close
Allowing former senior barrister Norman O’Bryan to reopen his defence in the Banksia class action while “avoiding the witness box” was clearly prejudicial, and futile to boot, a judge has said in his reasons for refusing the silk’s last-minute application.
‘Hardly seems worth the powder and the shot’: Judge asks why ASIC still pursuing CBA MySuper case
Please login to bookmark Close
A judge has questioned why ASIC is still pursuing its case CBA unit Colonial First State over statements made to 12,000 fund managers during the transition to MySuper accounts, after the bank admitted it misled members in 61 of the 80 phone calls at the heart of the case.
KPMG can’t delay defence in Arrium class action
Please login to bookmark Close
A bid by KPMG to push off the filing of its defence in a class action over misleading statements ahead of Arrium’s $754 million capital raising in 2014 has been shot down by a judge, who said the auditor has known the claims against it since November.
Freedom Foods pushes to have Blue Diamond dispute heard in Australia
Please login to bookmark Close
Freedom Foods is not giving up on its legal battle to have a dispute with Blue Diamond Growers over an almond licensing deal determined in Australia.
Qantas denies age discrimination claims by senior pilot
Please login to bookmark Close
Qantas has hit back at a lawsuit by a 64-year-old long haul pilot that has flown with the airline for 40 years accusing it of age discrimination for only providing voluntary redundancy to employees under 63 years old.
ASIC triumphs in ‘bad advice’ case against IOOF unit
Please login to bookmark Close
A former financial advisor employed by an IOOF unit accused of taking hefty commissions for steering investors towards risky investments contravened the financial advice provisions of the Corporations Act, a judge has found.
‘No one is above the law’: Judge calls for inquiry into Christian Porter
Please login to bookmark Close
An inquiry into whether Christian Porter is a fit and proper person to serve as Attorney-General following allegations that he raped a teenage girl more than 30 years ago would “advance” the rule of law, a NSW Supreme Court judge has said.
ATO wins appeal over $2.3M Auctus R&D tax refund mistake
Please login to bookmark Close
The Australian Taxation Office has successfully appealed a Federal Court decision finding it could not recover an R&D tax offset refund of around $2.3 million paid to Auctus Resources despite the payment being made by mistake and the mining company admitting it was not entitled to the money.
In win for ASIC, judge rules Mayfair misled investors about risk
Please login to bookmark Close
A judge has handed ASIC a victory in finding that investment group Mayfair 101 misled investors about the level of risk of its financial products, a ruling that will expose the group to pecuniary penalties at a time when a number of its entities have been wound up.