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Cryosite hits back at ACCC ‘gun jumping’ claims
Competition & Consumer Protection 2018-09-05 10:35 pm By Cat Fredenburgh

Biologics company Cryosite has denied claims by the ACCC that it engaged in cartel conduct by referring customers to Cell Care before their asset sale agreement was completed, saying the two were not competitors.

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Aldi offered $150,000 to settle MoroccanOil dispute
Competition & Consumer Protection 2018-09-04 11:34 pm By Cat Fredenburgh

Discount supermarket chain Aldi offered $150,000 to end a lawsuit brought by the maker of the popular MoroccanOil line of hair products, a court judgment revealed Tuesday.

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Westpac to pay $35M to settle ASIC case over automated home loans
Financial Services 2018-09-04 3:07 pm By Cat Fredenburgh

Westpac will pay $35 million to settle a case brought by ASIC alleging the bank breached responsible lending laws through its automated home loan system, the largest civil penalty ever awarded under the National Credit Act.

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Battle to lead Quintis class actions begins
Class Actions 2018-09-03 11:52 pm By Christine Caulfield

Sydney-based law firm Bannister Law has asked a court to consolidate two class actions against troubled sandalwood oil producer Quintis, and has made its pitch for leading the joint proceedings.

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Foodco calls for government-mandated legal advice for new franchisees
Franchises 2018-09-03 9:39 pm By Christine Caulfield

Foodco Group, the franchisor behind Muffin Break and Jamaica Blue, has called for a revised code of conduct that forces prospective franchisees to obtain legal advice prior to signing a franchise agreement.

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Second class action seeks to recover GST on apartment sales
Class Actions 2018-09-03 3:01 pm By Cat Fredenburgh

A second class action has been filed alleging GST was improperly charged on apartment sales in the ACT.

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ACCC to push for stronger powers to crack down on unfair contract terms
Competition & Consumer Protection 2018-09-02 11:31 pm By Cat Fredenburgh

The law should be altered to make unfair contract terms illegal, ACCC Chair Rod Sims says, and the regulator plans to use its clout to push for the change.

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TransUrban to pay $9.26B for WestConnex stake
Competition & Consumer Protection 2018-08-31 1:09 pm By Cat Fredenburgh

A consortium led by TransUrban will pay $9.26 billion for a 51 per cent stake in in the WestConnex highway project, one day after the ACCC found the deal would not substantially lessen competition.

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Murray Goulburn, ex-boss close to settling ACCC case
Competition & Consumer Protection 2018-08-30 1:53 pm By Christine Caulfield

Murray Goulburn and its former CEO appear to be nearing a settlement with the consumer watchdog over claims the dairy producer misled farmers in three states about farmgate milk prices.

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ACCC greenlights TransUrban bid for WestConnex stake
Competition & Consumer Protection 2018-08-30 10:55 am By Cat Fredenburgh

The ACCC has approved TransUrban’s bid for a majority stake in the WestConnex highway project, after TransUrban agreed to publish toll data to help bidders compete for toll road concessions. 

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