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Commonwealth Bank denies Austrac money laundering claims
Financial Services 2018-02-23 8:14 pm By Christine Caulfield

The Commonwealth Bank of Australia on Friday pushed back against the majority of expanded claims brought by the anti-money laundering regulator and denied all allegations in the related class action.

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Ex-Charter Financial adviser banned for fleecing elderly clients
Financial Services 2018-02-22 9:08 pm By Cat Fredenburgh

A former financial adviser for Charter Financial Planning has been permanently barred from providing financial advice by Australia’s corporate regulator after it found he deducted almost $67,000 in fees for advice he never gave.

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Linfox workers can’t halt Fair Work case, court says
Employment 2018-02-22 8:49 pm By Christine Caulfield

A group of Linfox workers in Victoria has lost their bid to put a Fair Work appeal on ice while they challenge a commissioner’s ruling that found in favor of the logistics giant in a dispute over their jobs.

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Google bid for ad patent shot down by IP Australia
Intellectual Property 2018-02-22 8:19 pm By Cat Fredenburgh

IP Australia has denied Google’s application for approval of a patent covering advertising price discounting, saying it was not a manner of manufacture and therefore not patentable.

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Sanofi wins challenge to Reckitt-Benckiser lozenge patent
Intellectual Property 2018-02-22 7:58 pm By Cat Fredenburgh

The Australian Patent Office has shot down a patent application covering throat lozenges by consumer goods giant Reckitt-Benckiser on a challenge by rival Sanofi-Aventis.

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Slater & Gordon slams letter in union merger bid
Employment 2018-02-21 8:54 pm By Cat Fredenburgh

A Slater and Gordon lawyer representing three unions seeking Fair Work Commission approval for a proposed tie-up, has slammed an “urgent” email from counsel at Herbert Smith Freehills claiming a newly discovered contempt matter involving one of the deal’s applicants should bar approval of the deal.

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Toll Global fined $75K in EPA action
Environment 2018-02-21 8:51 pm By Cat Fredenburgh

Toll Global has been fined $75,000 after pleading guilty to transporting over 16,000 kilograms of expandable and flammable polymer beads by truck.

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Banks pay $21.4M to consumers for bad financial advice
Financial Services 2018-02-21 8:46 pm By Cat Fredenburgh

Australia’s five biggest banks have paid out $21.4 million since the end of 2016 to consumers harmed by advice that violates financial services regulations, the Australian Securities and Investments Commission said Tuesday. 

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Energy Australia keeps up fight in casual worker pay case
Employment 2018-02-21 6:57 pm By Cat Fredenburgh

Energy Australia is not backing down in an industrial dispute over overtime pay for casual workers at its Yallourn Power Station, seeking leave to appeal a judge’s dismissal of its case and his ruling that it foot the unions’ entire legal bill.

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Fitbit trademark suit should move to SA, billionaire says
Intellectual Property 2018-02-20 7:34 pm By Cat Fredenburgh

A Fitbit suit challenging two trademarks owned by South Australian convenience store king Yasser Shahin should be moved to South Australia, Shahin has told a court.

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