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ACCC flags supply chain competition in COVID-19 era as new priority
Competition & Consumer Protection 2022-03-03 4:15 pm By Sam Matthews

The ACCC will target businesses seeking to use COVID-related disruptions to global and domestic supply chains as “a veil for illegal conduct” the watchdog’s outgoing chair has said in setting out the regulator’s priorities for 2022.

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ASIC to target company directors over cyber risk, climate change disclosures 
ASIC 2022-03-03 9:32 pm By Sam Matthews

Directors have been warned by the corporate regulator to take an active role in the management of cyber risks or face enforcement action.

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FWO takes Sushi Bay to court for alleged worker underpayments
Employment 2022-03-03 3:18 pm By Sam Matthews

The Fair Work Ombudsman has commenced legal proceedings against the Sushi Bay group of restaurants and its owner for allegedly underpaying workers to the tune of $650,000.

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Viterra rejected $85M offer to settle Cargill lawsuit over Joe White sale
Competition & Consumer Protection 2022-03-02 10:27 pm By Sam Matthews

Grain producer Viterra, which has been ordered to pay $293 million to Cargill Australia for making misleading representations during the sale of malt producer Joe White, rejected an offer to settle the lawsuit for $85 million, a court has heard.

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MCoBeauty drops ‘2000 hour’ eye makeup brand to settle trade mark suit
Intellectual Property 2022-03-02 12:33 pm By Sam Matthews

Cosmetics company MCoBeauty has reached a settlement with the maker of the popular 1000Hour Lash & Brow Dye kit in a case alleging  “deliberate and flagrant” trade mark and copyright infringement.

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CBA says branch arrangements ‘critical’ to defence of $45M rest break case
Employment 2022-03-01 9:39 pm By Sam Matthews

Commonwealth Bank has won more time to examine the particular work arrangements in 24 individual branches, as it fights allegations of systemic failures to provide thousands of employees with paid rest breaks since 2014.

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PwC Australia picks up Greenwoods & Herbert Smith Freehills
Tax 2022-03-01 9:21 pm By Sam Matthews

A new taxation super-group is on the horizon, with leading tax advisory firm Greenwoods set to join the ranks of PwC Australia’s financial advisory business in the midyear, amid a “war for talent” in the sector. 

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Viterra hit with $124M in interest on top of $168.9M in damages owed to Cargill
Competition & Consumer Protection 2022-02-28 5:54 pm By Sam Matthews

Grain producer Viterra has been ordered to pay Cargill Australia $124 million in pre-judgment interest on top of the $168.9 million it was ordered to pay after a judge found it misrepresented the performance capabilities of Joe White during the $420 million sale of the malt producer.

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ACCC weighs changing the law to rein in tech giants
Competition & Consumer Protection 2022-02-28 3:47 pm By Sam Matthews

The Australian Competition and Consumer Commission is considering whether new laws are needed to rein in Google, Apple and Facebook, including rules to curb self-preferencing conduct and strengthen the merger review framework.

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ALP loses challenge to federal takeover ahead of election
Appeals 2022-02-25 9:58 pm By Sam Matthews

Members of the Victorian Labor party and associated unions have lost a bid to overturn a judge’s finding that the pre-selection of ALP candidates in Victorian electorates by federal administrators during their takeover of the state party was lawful.

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