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Racing NSW wins doc bid as it mulls competition case against interstate counterparts
Competition & Consumer Protection 2023-05-31 5:22 pm By Cindy Cameronne

Racing NSW has won access to documents that concern an alleged plan by its Victorian counterpart to exclude it from the thoroughbred racing industry as part of an alleged anti-competitive agreement with four other states.

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Tradie platform Hipages admits using ‘subscription traps’
Competition & Consumer Protection 2023-05-30 11:05 pm By Gareth Baker

Online home improvement platform Hipages has admitted that it likely engaged in misleading or deceptive conduct by failing to disclose contract terms that allowed it to automatically renew subscriptions and charge early termination fees.

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Showdown looms as class actions pile up against Hyundai, Kia
Class Actions 2023-05-29 3:43 pm By Christine Caulfield

A third law firm has launched class actions against Hyundai and Kia, setting the stage for a courtroom battle to determine which team of solicitors can bring cases over alleged defective engines against the Korean car makers.

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Engage Marine can access ACCC docs in competition suit against TasPorts
Competition & Consumer Protection 2023-05-29 3:37 pm By Sam Matthews

A judge has largely granted a bid by port operations provider Engage Marine to obtain copies of restricted documents in the ACCC’s case against TasPorts as it mounts its own case against the government-owned body, despite noting that principles of open justice don’t dictate an “open slather” approach to documents.

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ACCC tells ‘fake local’ florists to get out of town
Competition & Consumer Protection 2023-05-29 11:37 pm By Gareth Baker

The ACCC has brought proceedings against a national flower retailer for allegedly adapting its websites and google ads to deceive online customers into believing they were a local florist. 

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ASIC lifts stop order on Humm’s buy now, pay later products
Financial Services 2023-05-29 11:07 pm By Gareth Baker

The Australian Securities and Investments Commission has revoked an interim stop order against Aussie fintech Humm Group, which had been preventing the company from selling its buy now, pay later product to new customers.  Humm revealed the news in an announcement on Monday, only days after the order was issued out of concerns around the…

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ASIC hits pause on Humm’s buy now, pay later products
Fintech 2023-05-26 3:07 pm By Gareth Baker

The Australian Securities and Investments Commission has hit fintech Humm Group with an interim stop order barring it from issuing buy now, pay later products to new customers.

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EML takes aim at shareholder class action over AML/CTF disclosures
Class Actions 2023-05-23 10:13 pm By Cindy Cameronne

Payments processing company EML has hit back at a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns about its anti-money laundering and counter terrorism financing compliance, claiming swathes of the case are liable to be struck out.

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‘Shocked’ judge eviscerates Tyro class action settlement
Class Actions 2023-05-19 11:04 pm By Cindy Cameronne

A judge has approved a $5 million class action settlement against payment processor Tyro over a service outage but has shredded the proposed funder payout and legal fees that would have comprised 60 per cent of the sum, calling the costs “outrageous”. 

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ASIC claims Solvar unit provided unsuitable car loans to vulnerable customers
ASIC 2023-05-17 11:00 pm By Gareth Baker

The Australian Securities and Investments Commission has dragged lender Money3 to court for allegedly failing to properly assess the creditworthiness of low-income individuals before saddling them with $11,000 loans for second-hand car purchases.

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