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In a first, Lactalis hit with $950,000 penalty for Dairy Code breaches
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.
ACCC delays decision on $4.9B ANZ, Suncorp merger
The competition regulator has delayed its final decision on whether to approve ANZ's $4.9 billion acquisition of Queensland-based Suncorp, after expressing worries the tie-up could stifle the growth of smaller banks.
Costco in hot water over lobster country of origin claims
Wholesale retailer Costco has paid a penalty of $33,000 to the consumer watchdog after being caught out for labelling imported lobster as locally sourced.
ACCC flags concerns with Coles acquisition of Saputo dairy plants
The ACCC has raised concerns about Coles plans to acquire milk processing plants from Saputo, with the regulator saying the transaction -- marking the first time a supermarket chain has ventured into the processing market -- would be a “major structural change”.
ACL’s $1.5B tie-up with Healius rings alarm bells for ACCC
The proposed $1.5 billion merger of Australian Clinical Labs and Healius -- two of Australia’s largest pathology services providers -- is likely to substantially lessen competition, the ACCC has warned.
Equal pay rules don’t apply retrospectively, FWC says in Peter Rowland chef’s case
A former chef of catering company Peter Rowland Group has lost her fight for gender pay equality, with the Fair Work Commission accepting the merits of her claim but ruling the legislation that covers equal pay can apply only to current employees.
Cryptocurrency exchange FTX Australia loses financial services licence
The corporate watchdog has cancelled the AFS licence of FTX Australia, the Australian subsidiary of collapsed cryptocurrency exchange FTX.
Regulator’s files disclosed in HWL Ebsworth data breach
The Fair Work Ombudsman has revealed that its files were among those exposed in a cyberattack against law firm HWL Ebsworth.
SkyCity may test AUSTRAC’s mettle at trial, judge says
SkyCity may be the first company to test the strength of AUSTRAC's claims in court, according to a judge who recently said in a separate case that the regulator's habit of agreeing to penalties could give rise to a "moral hazard".