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ACCC can’t stop buy now, pay later finance in solar industry
Energy & Natural Resources 2020-09-15 11:37 pm By Cat Fredenburgh

The Australian Competition Tribunal has shot down ACCC moves to restrict the use of buy now, pay later finance for the purchase of solar goods and other new energy technology products.

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ACCC calls for $3.5M penalty for Oscar Wylee’s ‘brazen’ charity misrepresentations
Competition & Consumer Protection 2020-09-15 7:46 pm By Alison Eveleigh

The ACCC has asked a court to impose a $3.5 million penalty against eyewear retailer Oscar Wylee for making misleading representations about its charitable donations and affiliations, including that it would donate one pair of eyeglasses to charity for every pair purchased.

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Grocon must pay security to pursue $270M lawsuit over Barangaroo development
Construction 2020-09-14 10:37 pm By Christine Caulfield

Australian construction company Grocon has been ordered to pay $1 million in security for costs to continue its pursuit of a $270 million lawsuit against Infrastructure NSW over the development of Central Barangaroo, despite claiming it’s financials have taken a hit from the pandemic.

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Greens want ABC, SBS included in media bargaining code
Media 2020-09-14 4:50 pm By Christine Caulfield

The Greens Party is urging the Morrison Government to include the ABC and SBS in its mandatory media bargaining code, saying the plan to make Google and Facebook pay for news content was “incomplete” without protections for the public broadcasters.

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NAB units ordered to pay $57.5M in ASIC fees for no service case
Financial Services 2020-09-11 11:28 pm By Cat Fredenburgh

The Australian Securities and and Investments Commission has won a $57.5 million judgment against two units of National Australia Bank for making misleading representations to superannuation customers regarding $100 million in fees charged for services they never received, far short of the $125 million sought by the corporate regulator.

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‘Vague and general’: Judge knocks cryptocurrency class action
Class Actions 2020-09-11 2:46 pm By Miklos Bolza

A  judge has slammed the pleadings in a $1 billion class action against Facebook and Google over cryptocurrency ad bans as “vague and general” and refused to let the matter progress until a better case is brought.

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Judge approves Falls Festival class action settlement, leaves legal fee concerns for later
Class Actions 2020-09-10 4:42 pm By Miklos Bolza

A Victoria Supreme Court judge has given the greenlight to a $5.7 million settlement in a class action brought by those injured during a 2016 stampede at the Falls Music and Arts Festival.

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Mylan NV’s planned merger with Pfizer’s Upjohn gets greenlight after drug sell-off
Corporate 2020-09-10 3:50 pm By Alison Eveleigh

The competition watchdog will not oppose Mylan NV’s proposed merger with Pfizer’s Upjohn Inc after the global pharmaceutical giants agreed to sell several off-patent brands to dispel competition concerns.

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Judge warns funder against ‘double dipping’ in Ruby Princess class action
Class Actions 2020-09-09 2:06 pm By Miklos Bolza

A judge overseeing the Ruby Princess class action has cautioned funders against “double dipping” when seeking payouts from group members, while cruise line Carnival has attempted to shift part of the blame for the COVID-19 debacle onto the Prime Minister.

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ACCC turns up heat on Google, Apple with app store inquiry
Competition & Consumer Protection 2020-09-08 1:41 pm By Alison Eveleigh

App stores have become the latest battleground in the the Australian Competition and Consumer Commission’s investigation into digital platforms, with the regulator promising to look at  data sharing practices, pricing and competition between Google and Apple, the two biggest players in the market.

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