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ACCC seeks more info on Pacific National, Aurizon merger
Competition & Consumer Protection 2018-05-03 3:06 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission is seeking more information from Pacific National and Aurizon on their proposed merger, after the regulator’s preliminary review found the deal raises significant competition concerns.

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Commonwealth Bank admits data breach of 20 million accounts
Privacy & Cybersecurity 2018-05-03 2:30 pm By Christine Caulfield

Commonwealth Bank of Australia has admitted a breach of data affecting nearly 20 million accounts, but said Thursday there was no evidence that customers’ details were stolen.

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Pharma regulator seeks input on ad complaints
Healthcare 2018-05-02 11:43 pm By Cat Fredenburgh

The Therapeutic Goods Administration is seeking feedback on its proposed process for handling advertising complaints when stricter new advertising rules for therapeutic products take effect later this year.Ā 

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Patents for ubiquitous fruit containers are valid, judge rules
Intellectual Property 2018-05-02 11:16 pm By Christine Caulfield

A company that owns two innovation patents covering the ubiquitous produce containers in Australian grocery stores has successfully defended the validity of the inventions against claims they were neither inventive nor new.

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ABC censured for ‘pejorative’ Tony Abbott remark
Media 2018-05-02 9:45 pm By Miklos Bolza

A statement by ABC News political editor Andrew Probyn calling former prime minister Tony Abbott ā€œthe most destructive politician of his generationā€ breached the media organisationā€™s impartiality provisions, the Australian Communications and Media Authority has found.

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Network Ten’s stake in TXA must go to rivals for $1, court orders
Media 2018-05-02 9:23 pm By Miklos Bolza

Network Ten will be forced to transfer the entirety of its shares in joint venture TX Australia to rival free-to-air networks Seven West Media and Nine Entertainment for a paltry $1, following a court ruling Tuesday.

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Financial complaints board takes shape
Competition & Consumer Protection 2018-05-02 4:36 pm By Cat Fredenburgh

The Australian Financial Complaints Authority is gearing up for a launch later this year, with four new board members announced this week.

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Heinz appeals ruling over sugary kids snacks
Competition & Consumer Protection 2018-05-02 2:28 pm By Cat Fredenburgh

H.J. Heinz Company Australia Ltd has filed an appeal after a Federal Court found it made misleading claims about the health benefits of its Little Kids Shredz products.

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Funder feud could force Bannister Law off Ford class action
Class Actions 2018-05-01 10:57 pm By Miklos Bolza

A dispute with litigation funder Martin Place Litigation Services has cast doubt over whether Bannister Law can continue to lead a massive class action against Ford, the Federal Court heard Tuesday.

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Judge oks brother’s suit against LiveTiles CEO Karl Redenbach
Corporate 2018-05-01 10:34 pm By Cat Fredenburgh

The founder of Microsoft solutions provider nSynergy has been given the greenlight to bring a derivative suit against his brother and co-founder Karl Redenbach, alleging Redenbach diverted tens of millions of dollars in nSynergy’s assets — including software company LiveTiles.

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