The federal government has vowed to fight shrinkflation by strengthening the Unit Pricing Code and introducing “substantial penalties” for non-compliance.
WiseTech CEO Richard White has won suppression orders over documents allegedly revealing legal advice and settlement negotiations in a dispute with a Sydney beautician.
A settlement has been reached on the eve of trial in a class action against ANZ and OnePath alleging they slugged super fund members with excessive fees.
Drug supplier Sigma Healthcare has offered an undertaking in a bid to allay the competition regulator’s concerns about its proposed merger with Chemist Warehouse.
Olam Agri Holdings has offered to divest its Queensland cotton gin and a 20 per cent holding in a leading Australian cotton classing company to win approval for its takeover of Namoi Cotton.
In a first, EnergyAustralia has been ordered to pay $14 million for breaching the Electricity Retail Code by misleading customers about prices.
The ACCC will not oppose Lendlease’s plan to sell a portfolio of residential projects to Stockland for $1.3 billion after accepting Stockland’s plan to divest a project in Illawarra.
Building insulation supplier CSR Bradford will provide discovery to Consolidated Energy after the independent distributor foreshadowed action alleging misuse of market power.
Major supermarkets Coles and Woolworths have been taken to court by the consumer regulator, accused of inflating prices for short periods in order to advertise more attractive discounts.
Captain Cook College and its COO will attempt to reach an agreement on penalty with the ACCC after the High Court knocked back their appeal of a systemic unconscionable conduct finding.