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ACCC calls for $20M fine against property spruiker We Buy Houses
Competition & Consumer Protection 2018-05-04 10:05 pm By Miklos Bolza

The Australian Competition and Consumer Commission has asked the Federal Court to hit  We Buy Houses and its owner Richard ‘Rick’ Otton with $20 million in penalties for duping aspiring property investors with claims that they would learn how to buy a home for $1.

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Woolworths says ACCC’s claim in Eco case is embarrassing
Competition & Consumer Protection 2018-05-04 9:23 pm By Christine Caulfield

“Embarrassing” is how Woolworths has described the ACCC’s claim that its line of environmentally-friendly disposable dishes doesn’t biodegrade in a reasonable amount of time.

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AMP denies committing a crime, defends Clayton Utz report
Financial Services 2018-05-04 2:30 pm By Christine Caulfield

AMP has shot back at Royal Commission findings that it committed a criminal offence over its fees-for-no-service scandal and has defended a report prepared by law firm Clayton Utz over the issue.

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Judge can’t swallow wheat grass passing off case
Competition & Consumer Protection 2018-05-04 1:28 pm By Christine Caulfield

A judge has thrown out a lawsuit by an international health food supplement maker that accused its former Australian distributor of passing off its own products to sell to Woolworths.

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MyBudget skimmed interest off hard-up customers, court hears
Class Actions 2018-05-03 10:40 pm By Miklos Bolza

MyBudget has exploited tens of thousands of customers already in financial difficulty and owes them interest on money they entrusted to the debt management company, the federal Court heard at the end of a two-day class action hearing Thursday. 

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Air New Zealand to face the music in cartel case
Competition & Consumer Protection 2018-05-03 9:42 pm By Miklos Bolza

The long awaited second phase in the Australian Competition and Consumer Commission’s cartel proceedings against Air New Zealand has been set down for June 27, one year after the High Court ruled the airline had breached Australia’s competition law.

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HP to pay up for blocking third-party ink cartridges
Competition & Consumer Protection 2018-05-03 5:43 pm By Cat Fredenburgh

HP has agreed to refund customers in Australia after admitting it used secret software to block third-party ink cartridges from working on certain HP printers.

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J&J hits back at expanded pelvic mesh class
Class Actions 2018-05-03 5:06 pm By Cat Fredenburgh

Johnson & Johnson has struck back at an amended statement of claim filed in a class action over allegedly defective pelvic mesh, saying that lead applicants’ claims do not meet the bar to proceed as a class action.

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ACCC seeks more info on Pacific National, Aurizon merger
Competition & Consumer Protection 2018-05-03 3:06 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission is seeking more information from Pacific National and Aurizon on their proposed merger, after the regulator’s preliminary review found the deal raises significant competition concerns.

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Commonwealth Bank admits data breach of 20 million accounts
Privacy & Cybersecurity 2018-05-03 2:30 pm By Christine Caulfield

Commonwealth Bank of Australia has admitted a breach of data affecting nearly 20 million accounts, but said Thursday there was no evidence that customers’ details were stolen.

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