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Google, Facebook face fines of at least $10M for breaches of ACCC media bargaining code
Google and Facebook will face penalties of at least $10 million for breaches of a media bargaining code drafted by the ACCC that aims to create a "level playing field" between Australian media companies and the tech giants.
ASIC scores ‘narrow’ win in case against ex-Tennis Australia director
A judge has handed ASIC a "narrow" win in its action against former Tennis Australia director Harold Mitchell, tossing most of the regulator's case and accusing it of "confirmatory bias".
Arrium liquidators win fight over examination of director for potential class action
Liquidators for collapsed steel and mining giant Arrium have successfully appealed a court ruling permitting the examination of a former director for a possible shareholder class action, with the Court of Appeal for the NSW Supreme Court finding the "private nature" of the claims was an abuse of process.
ACCC loses appeal in TPG ‘prepayment’ case
The Australian Competition and Consumer Commission has come up short in its challenge to a ruling that dismissed its case against TPG over contract terms that allowed the internet provider to keep customers' unused prepaid funds on phone or internet plans.
Law firm to drop class action against Pitcher Partners over Slater and Gordon audits
The law firm behind a long-running class action against Pitcher Partners over its auditing of Slater and Gordon is seeking court approval to drop the case, leaving the funder that bankrolled the proceeding to defend an application for indemnity costs.
Dreamworld operator Ardent Leisure pleads guilty over ride deaths
The operator of Dreamworld in Queensland has pleaded guilty to three charges over the 2016 deaths of four people on the theme park's now demolished Thunder River Rapids ride.
Tile maker Ceramiche wins trade mark fight with Caesarstone after ‘honest use’ ruling
Tile maker Ceramiche Caesar has prevailed in its challenge to a judge's ruling allowing building products manufacturer Caesarstone to register two trade marks despite a finding that they were deceptively similar to one of its marks.
AMP hit with class action by financial planners
AMP has been hit with a cliass action by a group of financial planners over changes to its buyer of last resort policy last year, which cut the number of authoried advisers and retreated from a promise to buy back their businesses at a price based on a set multiple.
Investment scheme wound up after ‘systematic misappropriation’ of $7M in funds
A court has granted ASIC's bid to wind up an illegal managed investment scheme whose operators fled to India following the "systematic misappropriation" of almost $7 million in investor funds.