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Maurice Blackburn may get $5.8M in $16.4M Cash Converters settlement
Class Actions 2018-12-10 9:10 pm By Christine Caulfield

Maurice Blackburn stands to walk away with $5.8 million for its work on a consumer class action against Cash Converters that resulted in a $16.4 million settlement.

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Google, Facebook have ‘ability and incentive’ to abuse market power, ACCC says
Competition & Consumer Protection 2018-12-10 3:11 pm By Cat Fredenburgh

Google and Facebook should be regulated given the potential they have to wield their monopoly powers in ways that would harm consumers, the ACCC said in its highly anticipated preliminary report into the digital platforms.

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ACCC launches competition case against NSW Ports over 50-year deal with state
Competition & Consumer Protection 2018-12-10 10:34 am By Christine Caulfield

The competition watchdog is taking NSW Ports to court alleging a 50-year agreement with the state, signed when Port Botany and Port Kembla were privatised five years ago, was anti-competitive.

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We Buy Houses director appeals record $6M fine
Appeals 2018-12-07 10:35 am By Cat Fredenburgh

The director of property spruiker We Buy Houses has appealed a record $6 million for misleading property investors with claims they could learn to buy real estate for $1.

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Ex-Murray Goulburn head to pay $200k in ACCC milk price case
Competition & Consumer Protection 2018-12-06 3:40 pm By Cat Fredenburgh

The former managing director of Murray Goulburn will be hit with a $200,000 penalty for being knowingly concerned in false representations made by the dairy producer to farmers about the farmgate milk prices it would pay during the 2015-16 milk season.

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ASIC filing puts spotlight on ANZ treasurer in $2.5B capital raising case
Securities 2018-12-05 10:50 pm By Christine Caulfield

ANZ treasurer Rick Moscati was at the centre of a flurry of phone calls and meetings with underwriters and other bank executives on the day the underwriters agreed to pick up a $791 million shortfall in a $2.5 billion capital raising, an agreement which has led to groundbreaking cases by two regulators, according to a new court document.

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ACCC takes internet provider Activ8me to court for false advertising
Competition & Consumer Protection 2018-12-05 1:42 pm By Christine Caulfield

Internet provider Activ8me is in hot water with the consumer regulator for a second time this year, facing court action over allegedly false and misleading claims about the cost, speed and data limits of its internet packages.

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Class action over botched breast surgery survives declassing bid
Class Actions 2018-12-04 3:15 pm By Christine Caulfield

A chain of cosmetic surgery clinics has lost its fight to have a class action of over 200 patients allegedly injured by botched breast augmentation surgery discontinued as a representative proceeding.

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ACCC takes TPG to court over $20 plan ‘prepayment’
Competition & Consumer Protection 2018-12-04 2:07 pm By Cat Fredenburgh

Telecommunications provider TPG Internet is facing allegations from the ACCC that it violated the consumer law by charging customers a $20 “prepayment” to cover costs for services not included in their plans.

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Queensland flood class can add evidence after ‘trial by ambush’
Class Actions 2018-12-04 1:37 pm By Cat Fredenburgh

A judge overseeing the marathon hearing in the class action over the 2011 Queensland floods has allowed the lead applicant to submit further evidence after it claimed defendant Seqwater engaged in “trial by ambush”.

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