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The Australian Competition and Consumer Commission has renewed its calls for the government to adopt its proposed reforms to the merger regime, warning that consumers and businesses will pay the price for continuing anti-competitive mergers which enable parties to engage in “legal brinkmanship” with the regulator.
A judge has hit Airbnb with a $15 million penalty for misleading Australian consumers by displaying accommodation prices in US dollars, on top a $15 million consumer redress scheme the vacation rental giant has implemented.
Australia Post has agreed to compensate business for lost or damaged parcels after admitting it likely engaged in misleading or deceptive conduct when it refused claims for compensation.
A now-banned financial adviser has been hit with two charges of providing misleading information to the corporate regulator during a compulsory examination.
The corporate regulator has brought proceedings against EverBlu Capital and Creso Pharma director Adam Blumenthal, alleging market rigging and breaches of duty, and has accepted an undertaking by the stockbroker that he will quit his involvement in financial services for the next five years.
Former Bellamy’s Australia director Jan Cameron has been found guilty of two counts of breaching the Corporations Act, following an investigation by the corporate regulator over her failure to disclose her stake in the baby formula company.
Honda Australia has been hit with a $6 million penalty for misleading communications made to customers of three dealerships during a restructuring in which the car maker's shuttered its independent dealer network in favour of an agency model.
Despite proposing a divestiture as part of its planned takeover of Healius, Australian Clinical Labs has failed to win the approval of the competition regulator for the $1.5 billion deal.
Online mattress retailer Emma Sleep faces enforcement action by the ACCC alleging the company's ad campaigns were false and misleading when they implied prices had been discounted and that sales offers would not last long.
The ACCC has signed off on Viva Energy's $1.15 billion acquisition of South Australia-based convenience store chain On The Run Group, after it agreed to divest 25 Coles Express sites in the state.