Reckitt Benckiser has been ordered to pay all of GlaxoSmithKline’s legal bill after a judge found the drug giant misled consumers with claims that Nurofen was a more effective pain killer than its rival’s Panadol.
The Australian Competition and Consumer Commission said it is well positioned to investigate competition in the financial sector, in response to a recent report calling for a dedicated financial services competition regulator.
The class actions against car companies over defective Takata airbags are expected to dramatically grow after the first-of-its-kind mandatory recall announced by the government Wednesday.
The Australian Competition and Consumer Commission will review the proposed $2 billion acquisition of Sydney’s WestConnex toll road by the Sydney Transport Partners Consortium for potential competition concerns.
Netgear will provide refunds after misleading customers about remedies available to them on purchasing faulty products, another win for the ACCC even as the consumer regulator fights a recent court ruling over the extent of companies’ remedy disclosure obligations.
A bill introduced this week seeks to crack down on misleading ads by broadband providers, a practice that recently landed broadband providers Telstra and Optus in hot water with Australia’s consumer regulator.
The Australian Securities and Investments Commission has banned a financial adviser for five years for failing to act in his clients’ best interests, the second action taken by the corporate regulator through a project that uses data to target bad life insurance advisers.
A former financial adviser for Charter Financial Planning has been permanently barred from providing financial advice by Australia’s corporate regulator after it found he deducted almost $67,000 in fees for advice he never gave.
A bitter court battle over the firing of a Norton Rose Fulbright employment partner in which the firm admitted it retroactively signed and dated a court document will soon head to mediation.
Australia’s five biggest banks have paid out $21.4 million since the end of 2016 to consumers harmed by advice that violates financial services regulations, the Australian Securities and Investments Commission said Tuesday.