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A trial judge has heard that Mastercard's top Australian executives discussed stripping Woolworths of strategic merchant status if the supermarket giant routed customer transactions through the cheaper EFTPOS network.
ASIC has opened an insider trading investigation into the trading of retailer Accent Group's shares, asking the company to preserve communications by its CEO Daniel Agostinelli.
A judge has again voiced doubts about the ACCC's misleading conduct case over Woolworths' 'Prices Dropped' campaign, probing counsel for the regulator at length on Thursday about how the claims stack up.
Coles, Woolworths, McDonald's and Hungry Jack's have denied underpaying employees in class actions over Sunday pay entitlements in South Australia, saying that if workers were underpaid, they can set off any amounts owed against mistaken overpayments.
Mastercard's APAC head was "perfectly comfortable" with the threat of removal of discounted interchange rates to cut a deal with Coles to route transactions through its payment network, a court has heard.
A judge has hit mattress retailer Emma Sleep with a $15 million penalty after it admitted to repeatedly misleading consumers about discounts, saying the ACCC's proposed $36 million was not needed to achieve deterrence.
Was inflation at work, or deception, when Woolworths' advertised the Oreo Family Pack as a 'Prices Dropped' special of $4.50 in December 2022, when the biscuits had been selling for $3.50 just three weeks earlier?
A Woolworths manager has admitted he wouldn't have been content to sell Nestle's Ceralac at the advertised 'before' price of $6.50 in the absence of the product's listing on the supermarket chain's Prices Dropped program.
A Woolworths executive facing cross-examination in the ACCC's case over alleged illusory discounts has denied that price increases were anything other than a reaction to inflation and a “tsunami” of supplier cost increase requests.
Hearing the ACCC's opening remarks in its case against Woolworths over 'illusory' discounts, a judge has questioned if consumers would have descended into the level of analysis suggested by the regulator when shopping.