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ACCC wins price-fixing case against BlueScope Steel, senior exec
Competition & Consumer Protection 2022-12-09 10:26 am By Cindy Cameronne

The Australian Competition and Consumer Commission has largely won its case against BlueScope Steel and former general manager Jason Ellis alleging they engaged in “serious cartel conduct” in relation to the supply of flat steel products in Australia.

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Bloomex taken to court for ‘misleading’ consumer ratings
Competition & Consumer Protection 2022-12-09 11:36 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has taken online florist Bloomex to court for allegedly violating the Australian Consumer Law by posting misleading customer ratings on its website.

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ACCC levels cartel suit against mining equipment company Qteq
Competition & Consumer Protection 2022-12-08 11:57 pm By Sam Matthews

The Australian Competition and Consumer Commission has brought action against mining equipment company Qteq and its executive chairman Simon Ashton over allegations of bid rigging and other cartel conduct.

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Judge shaves $5M off agreed penalty in ACCC case against Uber
Competition & Consumer Protection 2022-12-07 11:14 am By Sam Matthews

A judge has imposed a $21 million penalty on Uber for misleading customers through platform-wide cancellation messages and estimated fares on its Uber Taxi option, $5 million short of the “very substantial” sum jointly agreed by the parties.

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Telstra on the outs with ACCC over Belong broadband speed claims
Competition & Consumer Protection 2022-12-06 3:31 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has brought proceedings against Telstra alleging it misled almost 9,000 customers about the upload speed of its budget internet provider Belong. 

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ACCC flags ‘significant concerns’ with Cochlear’s $170M acquisition of Oticon Medical
Corporate 2022-12-01 5:09 pm By Christine Caulfield

The competition regulator has detailed “significant” concerns with Cochlear’s proposed acquisition of Oticon Medical, saying Thursday a tie-up would cut to three the number of cochlear implant suppliers in Australia.

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Buscopan cartel yields $2M penalty, landmark sentence for exec
Competition & Consumer Protection 2022-11-29 4:01 pm By Cat Fredenburgh

A judge has hit Alkaloids of Australia with a nearly $2 million penalty for engaging in cartel conduct and sentenced its former export manager to a term of imprisonment for his involvement in fixing prices for a key chemical in anti-spasmodic drug Buscopan.

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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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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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