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Worker can sue Sydney Water for unfair termination over ‘dirty workplace joke’
FWC 2021-12-14 6:37 pm By Bianca Hrovat

A former employee of Sydney Water, who was featured in a “humiliating” workplace safety poster alongside the words ‘feel great – lubricate’, has won her bid to pursue an unlawful termination claim.

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ASIC takes ‘wolf’ trader Tyson Scholz to court
Financial Services 2021-12-13 4:53 pm By Bianca Hrovat

The Australian Securities and Investments Commission has launched court proceedings against the self-proclaimed ‘wolf’ of the ASX, social media celebrity Tyson Scholz for allegedly providing financial services without a licence.

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ACCC staff training ‘inadequate’ during bank cartel probe, court hears
Financial Services 2021-12-10 3:57 pm By Cindy Cameronne

A senior ACCC officer has been grilled on whether staff training on criminal cartel investigations was “inadequate” while the competition regulator ran a cartel probe into ANZ’s $2.5 billion share placement in 2016.

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Repipe loses appeal in battle with IP Australia over computer-implemented invention
Intellectual Property 2021-12-10 11:39 am By Cindy Cameronne

The Full Federal Court has shot down plumbing company Repipe’s appeal of a decision rejecting its innovation patents for a claimed computer-implemented invention, saying it only addressed issues in business operations rather than improving on computer technology.

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ACCC launches case against Booktopia over ‘misleading’ refund policy
Competition & Consumer Protection 2021-12-10 9:03 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has launched proceedings against online book retailer Booktopia for allegedly making false or misleading statements about consumers’ rights to refunds for faulty books.

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ANZ to pay $25M for short-changing half a million customers
Financial Services 2021-12-09 3:29 pm By Bianca Hrovat

The Australia and New Zealand Banking Group has agreed to pay a $25 million penalty to resolve proceedings by the Australian Securities and Investments Commission alleging the bank short-changed hundreds of thousands of customers to the tune of $200 million.

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ASIC opposes BlueScope general manager’s request to manage company
Competition & Consumer Protection 2021-12-09 3:09 pm By Cindy Cameronne

The Australian Securities and Investments Commission has opposed BlueScope Steel general manager Jason Ellis’ request for court permission to manage another company, saying he should wait until the ACCC’s price-fixing case against him has been decided.

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Full Court parks opposition to patent for detecting parking overstays
Appeals 2021-12-09 12:01 pm By Miklos Bolza

Tech company Vehicle Management Systems has come up short in its third attempt to block competitor SARB Management Group’s patent application for a magnetic parking overstay detector, with the Full Court rejecting claims that VMS’ managing director should have been listed as the device’s inventor.

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ACCC blesses $23.6B private equity takeover of Sydney Airport
Competition & Consumer Protection 2021-12-09 5:30 pm By Miklos Bolza

The Australian Competition and Consumer Commission will not oppose the $23.6 billion takeover of Sydney Airport by an international consortium of investors, finding further consolidation is unlikely to lessen competition in a market which is already a “natural monopoly”.

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Port of Newcastle can charge Glencore higher access fees, High Court rules
Competition & Consumer Protection 2021-12-08 6:57 pm By Miklos Bolza

The Port of Newcastle has largely won its High Court fight with mining giant Glencore over access fees and will now be able to set a higher price for use of the port’s facilities.

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