The Australian Competition and Consumer Commission has found Bunnings’ $30 million takeover of Adelaide Tools and Oaklands Mower Centre would not substantially lessen competition, but warned it would closely scrutinise future moves that would further cement the hardware giant’s dominant position.
Tasmanian state-owned ports company TasPorts has admitted to charging additional fees to the owner of a local port, but has denied the ACCC’s allegations that these actions constituted a misuse of market power designed to stymie competition.
The makers or popular opioid drugs like OxyContin and Fentanyl may face a class action in Australia by consumers who allege they suffered financial loss from the addictive drugs.
Westpac is still locked in mediation with AUSTRAC over allegations that it committed over 23 million breaches of anti-money laundering and counter-terrorism financing laws, with the bank’s hopes of moving to a penalty hearing in the early part of the year fading.
A judge overseeing a class action against National Australia Bank over ‘junk insurance’ has ordered that potential group members be given information about cancelling the policies, but not before taking the applicants to task for not having the polices automatically cancelled as part of the $49.5 million settlement.
Oil and gas giant Santos has settled a class action brought by a group of Indigenous Australians who claim they were misled about their entitlement to receive certain travel allowances while working as casual cultural heritage monitors for the company.
A judge has dismissed an opposition by tech company Vehicle Management Systems to a patent application by rival SARB Management Group for an integrated magnetic parking overstay detector.
Law firm Gadens and partner Andrew Denehy have been hit with a lawsuit by the director of Modscape alleging a letter to the Victorian Building Authority questioning the financial probity of the director and the design company was false and malicious.
The developers behind the Governor Place residential complex in Canberra have reached a settlement in a class action by aparment owners seeking $6.3 million in GST payments on their units.
The former directors of defunct financial advisory firm Storm Financial have failed in their appeal of a ruling that found they breached their duties to eleven vulnerable investors by providing a one-size-fits-all model of investment advice that was inappropriate.