ACCC chair Rod Sims has mooted a raft of reforms to Australia’s merger and acquisitions regime, which he said Friday was ‘skewed towards clearance’.
Just three years after adopting its ‘why not litigate’ approach in response to a lashing by the Hayne royal commission, the corporate regulator has abandoned the tough enforcement stance as the Morrison government focuses on economic recovery from COVID-19.
A Credit Union Australia worker, who was fired for ringing up $100 in personal coffee orders on the company’s tab, has lost her bid to appeal a Fair Work Commission decision that she wasn’t unfairly dismissed.
Six of Australia’s biggest financial services firms have paid or offered to pay a total of $1.86 billion to customers who were wrongly charged fees for no service or were given bad advice.