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$4.9B ANZ, Suncorp merger heads to Competition Tribunal
Competition & Consumer Protection 2023-08-25 10:11 pm By Cat Fredenburgh

ANZ has lodged an application asking the Australian Competition Tribunal to reverse the competition regulator’s rejection of its $4.9 billion tie-up with Queensland-based Suncorp.

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Wealth guru Dominique Grubisa can’t get more detail about ACCC’s case
Competition & Consumer Protection 2023-08-22 1:42 pm By Cindy Cameronne

Dominique Grubisa has come up short in her bid to have the Australian Competition and Consumer Commission file formal pleadings in its case alleging she misled students enrolled in her real estate investing and wealth management courses.

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Dell cops $10M penalty for misleading customers about discounts
Competition & Consumer Protection 2023-08-14 1:10 pm By Christine Caulfield

Dell Australia has been ordered to pay a $10 million penalty for making false and misleading representations about the discount prices of add-on computer monitors.

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Telstra, TPG give up fight over $1.8B network sharing deal
Competition & Consumer Protection 2023-08-14 2:47 pm By Christine Caulfield

Telstra and TPG will not challenge a decision by the Australian Competition Tribunal to uphold the ACCC’s rejection of their proposed regional network sharing agreement.

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GCs need to make sure companies can back up green credentials, ACCC warns
Climate change 2023-08-08 11:02 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has released guidelines to help businesses avoid greenwashing and greenhushing, calling on general counsel to avoid broad terms like ‘sustainable’ and ensure businesses have research to back up green claims.

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Ultra Tune boss a ‘dreadful’ witness, says judge in ACCC’s contempt case
Franchises 2023-08-02 11:14 pm By Cindy Cameronne

A judge overseeing the Australian Competition and Consumer Commission’s case alleging auto mechanic Ultra Tune failed to comply with court orders has labelled its managing director Sean Buckley as “one of the more dreadful witnesses” he had seen.

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ACCC wins bid-rigging case over tender for National Gallery work
Competition & Consumer Protection 2023-08-01 2:44 pm By Christine Caulfield

Industrial technology company Delta Building Automation has been found liable for attempting to rig a bid for work on the National Gallery of Australia, in a win for the competition regulator.

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Phoenix hit with record $438M penalty for unconscionable enrollment practices
Competition & Consumer Protection 2023-07-28 10:13 pm By Cat Fredenburgh

Collapsed vocational education provider Phoenix Institute and its marketing arm have been hit with a record $438 million penalty after a judge found they acted unconscionably and with “callous indifference” by enticing vulnerable consumers to enrol in unsuitable courses with promises of free laptops.

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Facebook owner Meta fined $20M for misleading data privacy app
Competition & Consumer Protection 2023-07-26 9:48 am By Cindy Cameronne

A judge has ordered Meta to pay a $20 million penalty for misleading consumers by representing that its discontinued Onavo Protect mobile app would keep users’ personal activity data private, when in fact it was being collected for commercial use.

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In a first, Lactalis hit with $950,000 penalty for Dairy Code breaches
Competition & Consumer Protection 2023-07-25 11:11 pm By Cat Fredenburgh

Dairy processor Lactalis Australia has been hit with a $950,000 penalty in the first proceedings against a company for breaches of the Dairy Code.

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