International airline Air New Zealand has been hit with a $15 million penalty for participating in a global air cargo cartel to fix the price of fuel, insurance and security surcharges.
The Australian Competition & Consumer Commission is seeking up to $30 million in penalties against Garuda Indonesia after the airline was found guilty of participating in a price fixing cartel.
The CFMMEU has been ordered to pay $142,000 in penalties after the Federal Court found the union had aborted an elaborate construction procedure in Melbourne and threatened four contractors if they continued to work onsite.
A Federal Court judge has signed off on a $700 million settlement between AUSTRAC and Commonwealth Bank of Australia for violating anti-money laundering and counter-terrorism financing laws, saying the penalty showed the court’s “strong disapproval” of the bank’s actions.
The ACCC won its case against Sydney-based Unique International College on a “paucity of material”, the Full Federal Court has heard in an appeal of a ruling that found the vocational trainer exploited disadvantaged people and violated the Australian Consumer Law.