French optical lenses giant Essilor has secured the blessing of the Australian competition regulator for its $54 billion merger with the world’s largest supplier of eyewear, Italy’s Luxottica Group.
Building materials manufacturer the Borg Group has been given the all-clear by the competition regulatory to buy two plants from Australia’s largest supplier of wood products.
A federal court judge has ordered Australian computer retailer MSY Technology to cough up $750,000 for misrepresenting consumers rights to remedies on faulty products.
The competition watchdog has released anticipated guidelines on the new reforms to competition law passed last week, with businesses now on notice that non compliance is not an option.
The trial in the consumer regulator’s case against Apple alleging iPhone and iPad users were misled about their rights has been put on hold to give both sides more time.
A new report calls for an overhaul of mandatory product standards, saying reforms would increase competition and lead to annual savings of $350 million.
The trial against three of Australia’s biggest banks over alleged interest rate rigging was pushed back again on Wednesday after lawyers for National Australia Bank and Australia and New Zealand Banking Group told the Federal Court they were still in settlement talks with the securities regulator.
A family-owned South Australian wine maker has asked the Australian consumer regulator to bless a joint marketing effort with other wine producers, including Yalumba and Brown Brothers, to help sell wine through online food delivery service Deliveroo.
The Australian Competition Tribunal takes centre stage again this week in the long-running battle by wagering group Tabcorp to merge with lotto giant Tatts.
The Australian Securities and Investments Commission could get more teeth under a new proposal by a Turnbull government taskforce released Tuesday, with penalties for corporate crime tripling from $1 million to $3 million.