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‘I do not want a 100 per cent success rate’: ACCC boss reflects on recent court losses
Recent high-profile court losses will do nothing to deter the competition and consumer watchdog according to ACCC boss Rod Sims, who says he "does not want a 100 per cent success rate" because it would mean the regulator was not being sufficiently aggressive.
Chilled meals deal gets frosty reception from ACCC
The competition regulator is opposing a deal to combine two of Australia's largest manufacturers of chilled ready meals, and fired a warning shot to companies and administrators who fail to ensure the watchdog is notified of deals with close competitiors.
Ashley & Martin’s hair loss treatment contracts unfair, judge finds
Ashley & Martin signed up 25,000 customers to its hair loss program on contracts that put them on the hook for paying for treatment they didn't receive, a judge has found.
ACCC loses appeal in cartel case over coal mining licences
The Australian Competition and Consumer Commission has failed in its challenge to a ruling that dismissed its bid-rigging case over mining exploration licences involving Cascade Coal and the sons of jailed Labor politician Eddie Obeid.
ASIC takes BOQ, Bendigo Bank to court over small business contracts
The Australian Securities and Investments Commission has filed Federal Court proceedings against Bank of Queensland and Bendigo and Adelaide Bank over alleged unfair terms in their small business contracts.
Zoetis loses challenge over security for costs in horse vaccine class action
The Full Federal Court has shot down a challenge to a ruling denying horse vaccine maker Zoetis' application for security for costs in an unfunded class action brought on behalf of horse owners alleging the company failed to warn about the potential side effects of the Hendra virus vaccine.
ACCC says Medibank misled consumers about policy benefits
The Australian Competition and Consumer Commission has taken private health insurer Medibank to court for falsely telling consumers they were not eligible for certain coverage under their insurance policies, with over 800 policy holders denied coverage for joint investigation or reconstruction procedures.
Radio Rentals, AIG to pay $29M to settle ‘Rent, Try, Buy’ class action
Radio Rentals and its insurer, AIG, have reached a $29 million settlement in a consumer class action alleging the company pushed misleading 'Rent, Try, $1 Buy' leases onto vulnerable customers.
De-banking poses threat to foreign exchange competition, ACCC says
The Australian Competition and Consumer Commission has warned it could take enforcement action if its finds banks are misleading customers about foreign exchanges fees and warned banks' use of their compliance obligations to deny banking services to their non-bank competitors could constrain competition in the market for foreign exchange services.
‘Serious cartel conduct’: ACCC hits BlueScope with price-fixing lawsuit
The Australian Competition and Consumer Commission has brought proceedings against publicly-traded BlueScope Steel and a former general manager for allegedly engaging in "serious cartel conduct" in relation to the supply of flat steel products in Australia.