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Banking giant ANZ, which is facing a class action over a flex commissions scheme by its former car finance business, has admitted that the calculation of car dealers' commission was aimed at encouraging loans with interest above a "base rate".
A McDonald's franchisee accused of failing to give employees paid rest breaks has hit back at a lawsuit filed by the retail workers' union, arguing its employees took their entitled breaks, but sometimes in a "non-continuous" manner.
The ACCC has given the greenlight to NAB's proposed acquisition of digital only bank 86 400, saying the tie-up would not substantially lessen competition.
Corrs Chambers Westgarth will assist former Federal Court judge Ray Finkelstein QC's royal commission into whether Crown Melbourne is suitable to hold a casino licence in the state, and has kicked off by seeking documents from James Packer's Consolidated Press Holdings.
Two Commonwealth Bank of Australia subsidiaries have denied that they owed fiduciary duties to group members in a class action over allegedly excessive insurance premiums pushed onto customers because of commissions and other benefits to financial advisors.
Insurer AIG Australia will have to pay collapsed diary processing firm Murray Goulburn at least $8.85 million after a court ruled it was liable to cover some of the costs of a $42 million class action settlement reached with irate investors last year.
Fairfax has resolved a defamation lawsuit brought by an Australian barrister and apologised for an article alleging he helped Texas billionaire Bob Brockman defraud the United States of $2 billion in taxes.
A patent battle between Juno Pharmaceuticals and Bristol-Myers Squibb over the blockbuster drug Revlimid has seen both sides suffer early losses, with a judge dismissing strike out and summary dismissal applications by the drug makers.
Qantas has appealed a decision that found its dispute with former executive Nick Rohrlach over his defection to competitor Virgin Australia should be heard in Singapore, saying the exclusive jurisdiction clause in his contract did not “bite”.
Construction company Clough Limited has appealed a ruling that found it cannot claim over $15 million paid to employees for cancellation of their shares and options as a tax deduction.