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HSBC pays $33,000 fine for alleged breaches of Consumer Data Right
Competition & Consumer Protection 2024-04-02 10:15 pm By Cat Fredenburgh

British bank HSBC has been stung with $33,000 in penalties for alleged violations of rules designed to increase transparency and competition in the banking sector.

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ACCC review puts the kibosh on REA Group’s acquisition plans
Competition & Consumer Protection 2024-03-28 2:56 pm By Cat Fredenburgh

The owner of realestate.com.au has dropped its plan to acquire a national forms platform used by real estate agents, after the Australian Competition and Consumer Commission commenced a review of the deal off its own bat and raised competition concerns.

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Bloomex hit with $1M penalty for misleading star ratings, discounts
Competition & Consumer Protection 2024-03-15 4:37 pm By Sam Matthews

Online florist Bloomex has been slapped with a $1 million penalty for “serious” misleading representations about its discounts and star ratings system.

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ACCC to take on misleading influencers, in-app purchases
Competition & Consumer Protection 2024-03-07 9:31 pm By Cat Fredenburgh

The ACCC will attempt to make online shopping less treacherous for consumers this year, vowing to take enforcement action against misleading influencers, online reviews, in-app purchases and price comparison sites.

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ACCC won’t appeal loss in challenge to $4.9B ANZ, Suncorp merger
Competition & Consumer Protection 2024-03-05 9:52 pm By Cat Fredenburgh

The competition regulator will not appeal a tribunal ruling that set aside its decision to block the $4.9 billion merger between ANZ and Suncorp, but promised it will continue to scrutinise the banking industry.

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ACCC takes Noni B owner to court over delivery time promises
Competition & Consumer Protection 2024-03-04 2:26 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has brought proceedings against fashion retailer Mosaic Brands Limited, alleging it failed to deliver several hundred thousand products to customers within advertised time frames.

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Ultra Tune found guilty of contempt, hit with record $1.5M fine
Competition & Consumer Protection 2024-03-01 9:27 am By Cindy Cameronne

A judge has handed Ultra Tune a $1.5 million fine for contempt, saying the car repair franchise failed to meet the requirements of a court-ordered compliance program, instituted after the company copped a $2 million fine for contravening its disclosure obligations to franchisees.

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In Hutchinson, CFMEU boycott case, ACCC failed to prove more than ‘industrial muscle’ at work
Construction 2024-02-29 11:44 pm By Christine Caulfield

Builder J Hutchinson and the union for construction workers have successfully appealed a finding that they unlawfully agreed to boycott an independent subcontractor at a Brisbane building site.

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Auction site Grays to cop $10M penalty for misleading car info
Competition & Consumer Protection 2024-02-26 3:23 pm By Cat Fredenburgh

Online auction business Grays has agreed to pay a $10 million penalty for engaging in misleading and deceptive conduct by posting hundreds of descriptions of cars for sale on its website that contained incorrect information.

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Bingo, Aussie Skips hit with $33.5M in cartel penalties, CEOs get community service
Competition & Consumer Protection 2024-02-23 12:52 pm By Sam Matthews

A judge has sentenced the former CEO of Bingo Industries to two years’ imprisonment to be served in the community and imposed $30 million in penalties against the waste company for a cartel arrangement with rival Aussie Skips, which copped fines of $3.5 million and an 18 month’ intensive corrections order for its boss. 

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