Energy retailer CovaU has been hit with $33,300 in penalties by the Australian Competition and Consumer Commission over its alleged failure to provide consumers with a percentage price comparison for its residential electricity plans.
Mylan’s Australia unit is appealing decisions by the tax office to refuse deductions on interest paid under loans taken out by the pharmaceutical giant to help fund the $1.2 billion acquisition of generic drug maker Alphapharm almost 15 years ago.
Perth-based funeral services provider Bowra & O’Dea has paid $26,640 in penalties for allegedly failing to disclose certain unavoidable costs when advertising rates for its funeral and cremation services.
The maker of the popular Invisalign dental aligners has sued competitor SmileDirectClub for allegedly misleading consumers about the cost and efficacy of its direct-to-consumer teeth alignment kits.
Superannuation provider Statewide Super has been ordered to pay a $4 million penalty for an administrative error that saw around 12,500 fund members charged for insurance they did not receive.
A Sydney-based food distributor and retailer has agreed to pay over $26,000 in penalties for allegedly making false claims that its Chef’s Choice branded vanilla essence contained “pure” vanilla extract.
A judge has rejected an “audacious” attempt by McMillan Shakespeare to recoup a surplus of funds left over after a $9.5 million class action settlement was distributed to registered group members.
Beleaguered investment group Mayfair 101 will have to pay a $30 million penalty after a judge found a $12 million penalty proposed by ASIC was “insufficient”.
Ford has challenged its loss in a class action over its allegedly defective PowerShift transmissions, arguing group members who have had their cars repaired are not entitled to damages.
US car giant Ford Motor has copped a $53,000 penalty for allegedly misleading consumers about the performance features of its pricey Mustang Mach 1 sports car.