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Mayfair’s James Mawhinney wants High Court to shut down ASIC case
Appeals 2022-10-12 9:43 pm By Sam Matthews

The founder of beleaguered investment group Mayfair 101, James Mawhinney, has asked the High Court to overturn his own successful Full Court appeal of a decision that saw him banned from soliciting funds or promoting any financial product for 20 years.

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Toyota unit hit with class action for cheating on emissions tests
Class Actions 2022-10-07 3:10 pm By Cat Fredenburgh

Japanese truck maker Hino has been hit with a class action alleging the Toyota unit misrepresented that it vehicles met Australian emissions and road standards over a 20 year period, after the car company admitted to cheating on emissions and fuel economy tests in Japan.

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Jim’s Group cops $24,420 fine for Franchise Code breaches
Competition & Consumer Protection 2022-10-06 11:43 pm By Cindy Cameronne

Jim’s Group has paid a $24,420 fine after the Australian Competition and Consumer Commission accused the company of breaching the Franchise Code and misleading a franchisee.

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ASIC takes Harvey Norman to court over ‘no deposit, interest free’ ads
ASIC 2022-10-05 12:04 pm By Sam Matthews

The Australian Securities and Investments Commission has brought action against Harvey Norman over allegedly misleading ads about its interest-free finance.

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Crown wants contradictor to fight class action’s GCO application
Class Actions 2022-10-04 3:31 pm By Sam Matthews

Crown Resorts has asked the court to appoint a contradictor to fight against a group costs order sought in shareholder class action accusing the casino giant of lax anti-money laundering compliance over a six-year period.

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Grant Thornton, Moore Stephens sued over Linchpin audits
Financial Services 2022-09-30 6:04 pm By Sam Matthews

Embattled investment firm Linchpin Capital has sued auditors Grant Thornton and Moore Stephens for signing off on the compliance plan for a registered fund that allegedly used investor money to advance the company’s business interests and line its directors’ pockets.

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Firm asked rivals not to bid for $250M university project, ACCC says in new cartel case
Competition & Consumer Protection 2022-09-30 4:16 pm By Sam Matthews

The ACCC has brought court action accusing national architecture firm Ashton Raggatt McDougall and its former boss of attempting to rig bids for a $250 million building project at Charles Darwin University by asking competitors not to submit a tender.

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Mobile network deal with Telstra could lead to TPG price hikes, ACCC says
Competition & Consumer Protection 2022-09-30 11:14 pm By Christine Caulfield

A mobile network sharing agreement between Telstra and TPG is likely to boost the companies’ services to customers but could lead to TPG raising prices, the competition regulator said Friday.

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ACCC signs off on THL acquisition of Apollo with divestitures
Competition & Consumer Protection 2022-09-29 10:46 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has given the green light to New Zealand-based THL’s acquisition of campervan competitor Apollo, after the Australian company offered to divest 80 per cent of its local motorhome rental fleet.

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J Hutchinson, CFMMEU appeal $1.35M fine over construction boycott
Appeals 2022-09-28 11:09 pm By Cat Fredenburgh

J Hutchinson and the CFMEU have appealed a judgment slapping them with a combined $1.35 million penalty for agreeing to boycott an independent subcontractor at a Brisbane construction site.

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