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OAIC won’t probe class action-style complaint over Optus data breach
The privacy watchdog has given a preliminary view that it won't investigate a class action-style complaint brought by Maurice Blackburn over a 2022 Optus data breach, citing its own proceedings, a court has heard.
ANZ sued by former CEO Shayne Elliott over $13.5M bonus
ANZ is facing a lawsuit by former CEO Shayne Elliott alleging the bank breached the terms of a contract governing his departure when it denied him $13.5 million in bonus payments.
Coles, Woolworths to face $10M fines for price-gouging under new rules
Under new rules that will come into effect in July, large supermarkets like Coles and Woolworths will face $10 million fines for price-gouging.
IAG to fight regulator’s rejection of $1.3B RACWA merger
The ACCC has opposed IAG’s proposed $1.35 billion acquisition of RACWA's insurance operations, saying the deal would substantially lessen competition for motor vehicle and home and contents insurance in Western Australia.
ACCC battles Mastercard, major companies over suppression bids
The competition regulator has cited the public interest in its misuse of market power case against Mastercard in fighting suppression applications by the credit card giant and its heavy-hitter customers, including Coles and Visa.
Bupa must pay $35M in unconscionable conduct case
A court has slapped private health insurer Bupa with a $35 million penalty after it admitted to misleading thousands of customers about their benefits for over five years.
ASIC sues super trustee over $300M investment in First Guardian fund
ASIC has sued superannuation trustee Diversa for investing $300 million in retirement savings into Falcon Capital's failed First Guardian Master fund.
Commonwealth Bank pays record penalty over consumer data sharing failures
The Commonwealth Bank has paid $792,000 in penalties after the consumer watchdog found it had failed to enable data sharing for certain business customers. 
ACCC appoints NSW data chief as commissioner
The Australian Competition and Consumer Commission has appointed the NSW government’s former chief data scientist as a commissioner, adding experience in AI as the regulator eyes a more data-driven approach. 
SkyCity shareholder can’t bring action over $67M AUSTRAC penalty
A SkyCity shareholder has lost his bid to bring a case against former executives and directors at the ASX-listed casino seeking to recoup a $67 million penalty over breaches of money laundering regulations.