Spirit Super and Palisade Investment Partners have withdrawn their $1.2 billion bid to acquire the Port of Geelong after the ACCC said the deal could substantially lessen competition in Victoria for the supply of bulk cargo port services.
Mercedes-Benz will face a penalty in ACCC proceedings alleging the luxury car maker exposed consumers to serious injury or death by failing to comply with obligations under a compulsory recall of potentially deadly Takata airbags.
A judge has ordered that the ACCC’s case alleging Retail Food Group misled franchisees be run on a sample basis, saying the regulator’s opposition to the idea “smacks of a lack of confidence in its own case.”
The ACCC has raised concerns that Qantas’ proposed acquisition of Brisbane-based regional airline Alliance Aviation Services could harm competition in the market for flights for fly-in, fly-out workers.
Waste company Bingo Industries has pleaded guilty to fixing prices for demolition waste services in Sydney, following an industry-wide investigation by the Australian Competition and Consumer Commission.
The director of a money transfer business accused of fixing foreign exchange rates has filed a defence attacking the credibility of the federal prosecutor’s key witness, but his new lawyer says the attack might not be maintained at trial.
Japanese truck maker Hino is facing a class action investigation in Australia after admitting it submitted false data on fuel emissions and fuel economy tests for many of its engine models in Japan.
Google has agreed to pay a $60 million penalty in proceedings brought by the Australian Competition and Consumer Commission alleging the tech giant misled users about the collection and use of their location data.
Dozens of provisions in Fujifilm’s contracts with thousands of small businesses are unfair and unenforceable, a court declared Friday in a case against the office supply company by the Australian Competition and Consumer Commission.
The Australian Competition and Consumer Commission will not oppose Google’s $7.6 billion bid for cybersecurity firm Mandiant, the second-largest acquisition in the company’s history.