Binance has agreed to a $10 million penalty in ASIC’s case alleging the defunct crypto firm misclassified retail customers as eligible to invest in risky derivatives, but a judge wants more details before approving the deal.
Fresh off being sued by ASIC for investing $300 million into Falcon Capital’s failed First Guardian Master Fund, super trustee Diversa has been hit with additional licence conditions by the prudential regulator.
ASIC has questions about the “bona fides” of a rental company’s appeal of a $7.4 million penalty for unlawful loan agreements, telling a court it needs to see evidence about the “very rapid decline” of the company’s financial position.
The ACCC has opposed Yamaha Motor’s proposed acquisition of aluminium trailer boat maker Telwater, saying it would result in the substantial lessening of competition in the wholesale supply of outboard motors.
The ACCC has given Coles the green light to acquire two leasehold interests to launch new supermarkets in Melbourne’s rapidly developing west after the supermarket giant agreed to divest its ownership and interest in its Kororoit Town Centre site.
Orders proposed by Apple after a judge’s finding that the digital giant and rival Google engaged in anti-competitive conduct would “rob the court’s findings of their detail, their efficacy and their bite”, Epic Games has said.
The ACCC has filed proceedings against home meal delivery giants HelloFresh and Youfoodz, seeking compensation for tens of thousands of customers who were allegedly charged a fee after cancelling their subscriptions.
A class action against Bupa alleging the aged care provider failed to provide promised levels of care to residents can proceed, with a judge finding the case is not “fatally flawed”.
The judge overseeing a jointly run class action against Google, which has already fended off a third proceeding in a contest to pursue the digital giant, will not keep the case waiting for a looming fourth action.
Under new rules that will come into effect in July, large supermarkets like Coles and Woolworths will face $10 million fines for price-gouging.