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ACCC delays decision on Coles acquisition of Saputo plants
Competition & Consumer Protection 2023-09-12 11:35 pm By Cat Fredenburgh

The ACCC has delayed its decision on whether to greenlight Coles’ plans to acquire milk processing plants from Saputo, after expressing competition concerns about the $105 million deal.

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ASIC alleges AustralianSuper caused $69M in member losses
Financial Services 2023-09-08 11:00 pm By Cat Fredenburgh

The corporate regulator has taken the country’s largest superannuation fund, AustralianSuper, to court for allegedly causing $69 million in losses to customers by failing to merge multiple superannuation accounts.

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WA home builder to face class action over construction delays
Construction 2023-09-07 11:00 pm By Cat Fredenburgh

Perth-based homebuilder BGC Housing Group will face a class action on behalf of thousands of home owners who allege they have been harmed by lengthy construction delays.

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ACCC takes action over eHarmony’s ‘subscription trap’
Competition & Consumer Protection 2023-09-07 3:08 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has taken eHarmony Inc to court, alleging the dating site misled users about its advertised ‘free dating’ membership and that its automatic renewal was a ā€œsubscription trapā€.Ā 

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Swift Networks cops $1.2M penalty for rigging bids
Competition & Consumer Protection 2023-09-07 10:57 pm By Cat Fredenburgh

Telco Swift Networks has been hit with a $1.2 million penalty for bid rigging and price fixing in the tender process for supplying IT and communications equipment for three Rio Tinto and Fortescue Metals mining projects in WA’s Pilbara region.

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Takata airbags class action against Volkswagen fails again
Appeals 2023-09-05 10:41 am By Cindy Cameronne

A class action against Volkswagen over allegedly deadly Takata airbags has failed a second time after an appeals court found ā€œa merely speculativeā€ risk of rupture was not enough to find the vehicles unacceptable.

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ACCC calls for $10M penalty against Honda for misleading customers
Competition & Consumer Protection 2023-09-05 11:37 pm By Sam Matthews

The consumer regulator has asked a judge to impose penalties of almost $10 millionĀ  against Honda Australia for misleading the customers of two former authorised dealerships, a penalty up to 10 times what the car maker says it should pay.

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ASIC has ‘limited success’ in case against funeral insurer, wins $1.2M penalty
Competition & Consumer Protection 2023-09-05 11:13 pm By Christine Caulfield

A judge has order ACBF Funeral Plans to pay $1.2 million for misleading its First Nations customers, a penalty less than one-fifth the fine sought by ASIC.

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Qantas breaks silence on ACCC case over flight cancellations
Competition & Consumer Protection 2023-09-04 2:04 pm By Cat Fredenburgh

Qantas has responded to ACCC proceedings alleging it sold thousands of tickets on cancelled flights, saying the period in which the alleged unlawful conduct occurred was one of “well-publicised upheaval” for airlines.

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ACCC to seek $250M penalty against Qantas in flight cancellation case
Competition & Consumer Protection 2023-09-01 11:55 pm By Cat Fredenburgh

The ACCC will seek a record penalty of more than $250 million against Qantas for selling tickets on cancelled flights, saying companies were not “sufficiently” scared of the consequences of misleading consumers.

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