Australia’s largest banks are weak when it comes to offering competitive prices on residential mortgages, Australia’s consumer regulator said Thursday in the first review undertaken by its newly formed financial services unit.
The Australian Competition and Consumer Commission said Thursday that Pacific National’s proposed acquisitions of Aurizon’s Queensland intermodal freight haulage business and intermodal rail terminal at Acacia Ridge in Brisbane raises significant competition concerns.
A former CSIRO scientist who claimed she was sacked after speaking out about systemic sex discrimination has won court approval to expand her lawsuit against Australia’s national science agency.
Air France has denied claims of copyright infringement by the writers of “Love is in the Air”, saying its “France is in the Air” song and ad campaign are derived from a different, original work.
Australia’s largest agribusiness, AWB Harvest Finance Pools Pty Ltd, has agreed to make changes to the contracts it uses with farmers after the Australian Competition and Consumer Commission flagged terms of its contracts for being unfair.
Slater and Gordon is seeking costs for defending against unsuccessful challenges brought by two industry groups to the merger of the Construction, Forestry, Mining and Energy Union with two other unions.
The Australian Patent Office has invalidated two insecticide patents by Bayer on a challenge by rival Syngenta, with a delegate of the agency ruling the inventions’ claims were obvious.
Slater and Gordon is mulling a class action against Australian banks over credit card insurance, which the firm describes as “worthless” and “junk” because many people who are sold the insurance are not eligible to make a claim.
The ACCC is seeking more information on accounting software company MYOB Group Limited’s proposed acquisition of Reckon Limited’s practice management group.
The Full Federal Court has shot down Prysmian Cavi E Sistemi’s appeal of a $3.5 million fine for alleged cartel conduct.