The new chair of the competition regulator has taken aim at companies for âpushing the boundariesâ of Australiaâs merger control regime and taking a âstrategic approachâ to clearance, as the regulator yet again flags the prospect of a reform push.
ASIC has lost a bid to dismiss former G8 Education chair Jennifer Hutson’s application seeking declarations that she was unlawfully examined by the regulator over the company’s $162 million hostile takeover bid for Affinity Education Group.
A judge has given the liquidators of Big Un the go-ahead to serve the director of the collapsed video company through his LinkedIn account after several unsuccessful attempts to contact him about proceedings accusing him and others of violating their directors’ duties.
The Fair Work Commission has found that aged care provider Baptcare unfairly dismissed an employee for refusing to comply with the companyâs COVID-19 vaccination policy, but declined to order any remedies in a âpyrrhic victoryâ for the worker.
National Australia Bank has avoided enforcement action and entered into an undertaking with AUSTRAC to settle an investigation into compliance with anti-money laundering and counter-terrorism financing laws.
A judge has panned ASICâs bid to discover a wide range of privileged communications between super fund REST and various legal advisers, finding the regulator used a âvery wide netâ to catch nothing at all.
Car dealers that have brought a class action against General Motors over its decision to retire the Holden brand in Australia rejected offers of compensation totaling close to $5 million, according to court documents.
The ACCC has flagged a number of competition concerns over New Zealand campervan giant THLâs proposed acquisition of Australian competitor Apollo, saying the tie-up could leave campers paying more to hit the road. Â
Industry fund Maritime Super has been fined $26,640 by the corporate regulator for allegedly misleading members about the impact of its partnership with superannuation fund Hostplus.
Uber has admitted to making misleading statements to passengers and has agreed to pay $26 million in penalties in a case by the consumer regulator over the ridesharing giant’s cancellation warning messages.