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Vodafone faces US action after trouble with Aussie regulator
Securities 2018-02-16 11:58 am By Cat Fredenburgh

Vodafone has been hit with a class action in the US alleging it failed to inform shareholders that it violated Australian law by selling pre-paid mobile phones without first verifying customers’ identities.

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ANZ fined $5M over lending practices
Competition & Consumer Protection 2018-02-16 11:44 am By Cat Fredenburgh

A Federal Court judge in Melbourne has slapped Australia and New Zealand Banking Group with a $5 million fine for failing to properly vet customers’ financial backgrounds when providing car loans.

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New law targets predatory credit card lending
Competition & Consumer Protection 2018-02-16 10:13 am By Cat Fredenburgh

A new bill that will crack down on predatory credit card lending practices sailed through Parliament on Thursday, the first reforms to pass in the wake of a Senate inquiry into the credit card market.

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IP Australia offers court new reason to reject Rokt patent
Intellectual Property 2018-02-15 8:11 pm By Christine Caulfield

The Australian Patent Office wants the Federal Court to uphold its decision refusing an application by marketing technology start-up Rokt for a patent covering its online advertising system, offering fresh justification.

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Royal Bank of Scotland settles class action at 11th hour
Securities 2018-02-15 4:03 pm By Cat Fredenburgh

The Royal Bank of Scotland has reached a settlement in a consumer protection class action on the eve of trial in the Federal Court.

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Financial complaints watchdog set for 2018 launch
Financial Services 2018-02-15 1:21 pm By Cat Fredenburgh

Australian consumers will soon be able to lodge grievances with a new body for resolving complaints with financial institutions.

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First criminal cartel case brought against Aussie co.
Competition & Consumer Protection 2018-02-15 1:13 pm By Christine Caulfield

In the first criminal prosecution of its kind against an Australian corporation, prosecutors on Thursday charged a Victorian health care company and its managing director over an alleged wheelchair cartel.

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High Court says judges can make union officials pay
Employment 2018-02-14 9:25 pm By Christine Caulfield

Courts can stop union officials from seeking union cover to avoid paying court-issued fines for breaking the Fair Work Act, the High Court said Wednesday.

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NSW appeals court upholds $7M judgment against teleco
Appeals 2018-02-14 9:19 pm By Cat Fredenburgh

Wholesale satellite broadband provider Ipstar Australia has lost a bid to overturn a $7 million judgment against it for allegedly providing defective equipment and engaging in unconscionable conduct in violation of consumer law.

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CFMEU hit with record $1M fine for secondary boycott
Competition & Consumer Protection 2018-02-14 8:51 pm By Cat Fredenburgh

The Construction, Forestry, Mining, and Energy Union has been hit with a record $1 million fine for secondary boycotts at construction sites around Melbourne, a big win for Australia’s consumer regulator in its five-year legal battle with the union.

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