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.
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.
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.
A second class action has been filed alleging GST was improperly charged on apartment sales in the ACT.
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.
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.
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.
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.
A judge has denied a bid for a strict regime for dealing with confidential information in a lawsuit between cheese giants Fonterra and Bega over alleged violations of the terms of a trade mark licensing agreement.
Power tool seller Husqvarna Australia has entered into a court-enforceable undertaking after admitting it likely misled franchisees when stating that its dealership agreements were not covered by the Franchising Code of Conduct.