Commonwealth Bank of Australia unit Colonial First State Investments is facing penalties after the Federal Court found it misled its customers about their rights and obligations relating to the MySuper reforms passed by the federal government in 2012.
The Australian Competition and Consumer Commission has accepted a court-enforceable undertaking from designer tapware supplier Nero Bathrooms following revelations the company likely engaged in resale price maintenance.
Allianz Australia and its travel insurance unit AWP Australia have been hit with $1.5 million in penalties in ASICâs case alleging the insurance companies misled customers while selling travel insurance on Expedia websites.
Accounting giant PricewaterhouseCoopers used one of its legally qualified partners as a “postbox” to provide a “cloak of privilege” to work conducted for meat processing company JBS, the Commissioner of Taxation has told the Federal Court.
An IOOF unit accused of failing to protect its clients against cybersecurity risks has slammed ASICâs claims in the novel case, describing the regulatorâs further amended statement of claim as âgrossly unfairâ and âcompletely incoherentâ.
Tabcorp and Tatts Group have brought eight proceedings against the Australian Tax Office over more than a billion dollars in deductions for fees to gambling authorities in four states.
BlueScope Steel general manager Jason Ellis wanted no record kept of a meeting with four of the company’s competing steel distributors and warned his national sales manager to keep the talks under wraps, a court hearing the ACCC’s price-fixing case was told on Thursday. Â
A judge has ordered the ACCC to pay the State of NSW’s costs in its failed proceeding against NSW Ports, finding that even though the consumer watchdog did not initially sue the state government that it was a “necessary and proper” party to the case.
The Australian Securities and Investments Commission issued notices Thursday to Nuix seeking documents in its investigation of the troubled tech company.
A former Deutsche Bank executive named in a criminal cartel case over a $2.5 billion ANZ share placement says the charges against him are defective and should be quashed.