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$1M penalty against NQ Cranes over cartel agreement gets court’s OK
Competition & Consumer Protection 2022-11-23 5:20 pm By Cat Fredenburgh

A judge has approved a $1 million penalty against Queensland crane company NQ Cranes for engaging in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.

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Westpac opposes ‘premature’ notice of $126M class action settlement
Class Actions 2022-11-22 2:19 pm By Sam Matthews

Westpac has objected to several proposed notices going out to group members in a class action over ‘junk’ consumer credit insurance, which three of the Big Four banks have agreed to pay $126 million to settle.

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ASIC calls for $7.5M penalty against defunct funeral insurer that ‘preyed’ on First Nations people
Insurance 2022-11-22 10:45 pm By Cindy Cameronne

ASIC is seeking $7.5 million in penalties against failed ACBF Funeral Plans and parent company Youpla Group for misrepresenting to customers that it was Indigenous-owned and falsely claiming that its products were specifically beneficial to First Nations people.

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Settlement in Montara oil spill class action revealed to be worth $192.5M
Class Actions 2022-11-21 11:39 pm By Cat Fredenburgh

In one of the year’s biggest class action settlements, PTTEP Australasia has agreed to pay $192.5 million to settle a representative action over a 2009 oil spill that affected 15,000 Indonesian seaweed farmers.

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Apple flags fight over consolidation of app store competition class actions
Competition & Consumer Protection 2022-11-18 5:39 pm By Cindy Cameronne

Apple has foreshadowed a challenge in the event two law firms seek to work together on a consolidated class action that alleges both Apple and Google engaged in anti-competitive conduct in operating their app stores.

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Insurer on hook for breast implant class action costs after High Court snub
High Court 2022-11-18 11:18 pm By Cat Fredenburgh

Avant Insurance has lost its bid to challenge a ruling which put it on the hook for indemnifying a plastic surgeon in class action proceedings over allegedly botched breast augmentations at a defunct NSW clinic.

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Sukin accused of misleading consumers with carbon neutral labels
Competition & Consumer Protection 2022-11-16 2:51 pm By Sam Matthews

Eco-conscious Australian skincare company Sukin has been hit with a lawsuit alleging it misled consumers by selling products labelled with a carbon neutral certification it did not hold.

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Car dealer software supplier Pentana accused of misusing market power
Competition & Consumer Protection 2022-11-14 11:50 pm By Christine Caulfield

Titan DMS, which provides software to car dealers across Australia, has expanded cross claims in a legal dispute with leading competitor Pentana Solutions, alleging the rival engaged in misuse of market power by threatening dealers who want to switch providers.

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Telcos hit with $33.5M in penalties over NBN speed claims
Telecommunications 2022-11-11 1:02 pm By Sam Matthews

A judge has hit Optus, Telstra, and TPG with a total of $33.5 million in penalties for misleading thousands of NBN customers into paying for internet speeds that could not be achieved.

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Court slaps Smile Direct Club with $3.5M penalty for misleading insurance claims
Competition & Consumer Protection 2022-11-11 6:12 am By Cat Fredenburgh

A judge has ordered Smile Direct Club and its Australian unit to pay a $3.5 million penalty and reimburse customers for misleading them into believing they would be reimbursed by their insurers for the dental care company’s costly teeth straighteners.

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