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Woolworths pays record $1M fine to watchdog for ‘inexcusable’ spam law breaches
Supermarket giant Woolworths has been hit with a $1 million infringement notice from the Australian Communications and Media Authority for what the regulator called "significant breaches" of spam laws.
Guy Sebastian’s former manager Titus Day arrested for alleged $1.15M fraud
Police have arrested Titus Day, the former manager of pop star Guy Sebastian, over allegations he duped the singer out of $1.15 million over seven years.
AMP boss blames class actions for increasing cost of financial advice
AMP's chief executive Francesco De Ferrari has gone on the offensive against class actions in Australia, saying litigation funders were driving up the cost of doing business, resulting in job losses and increasing costs of financial advice.
ASIC won’t bring action against Retail Food Group despite report of ‘particularly unjust’ conduct
Gloria Jeans' owner Retail Food Group has avoided enforcement action by the Australian Securities and Investments Commission after an investigation sparked by last year's damning parliamentary report into the franchise sector.
Crippled by COVID-19, swimwear brand Seafolly enters administration
Citing the "crippling financial impact" of the coronavirus pandemic, Australian swimwear company Seafolly has become the latest fashion retailer to enter voluntary administration.
Heydon scandal prompts call for harassment law reform
Australia's peak legal body has called for amendments to sex discrimination laws to better protect women against workplace harassment by judges and barristers, and has urged the Morrison government to establish an independent commission to deal with complaints against the judiciary.
Former Liberal senator Julian McGauran sues Mayfair 101 over $1M investment
Already facing action by the corporate regulator for alleged misleading and deceptive conduct and a potential class action, investment firm Mayfair 101 must now defend a lawsuit by former Liberal senator Julian McGauran, who is demanding the return of his $1 million investment.
ASIC loses appeal in responsible lending case against Westpac
The Australian Securities and Investments Commission has failed in a high-profile challenge to a ruling for Westpac in its responsible lending case against the bank, with an appeals court majority saying the regulator read too much into the national credit laws.
Virgin administrators sign deal with Bain Capital to buy struggling airline
Virgin's administrators have reached a deal with Bain Capital to buy the airline and its subsidiaries, saying Friday US investment firm had made a "strong and compelling" bid to keep Australia’s second airline operating and secure the jobs of thousands of workers.
ACCC takes Pacific National, Aurizon terminal deal challenge to High Court
The competition regulator wants the High Court to hear its challenge to Pacific National's $205 million acquisition of Aurizon's Acacia Ridge Terminal in Queensland, saying the deal would entrench the rail freight carrier's near monopoly on the east coast of Australia.