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Garuda drops appeal of $19M penalty in ACCC cartel case, agrees to pay in instalments
Competition & Consumer Protection 2021-04-16 10:59 pm By Christine Caulfield

Indonesia’s PT Garuda has withdrawn a challenge to a $19 million penalty imposed for its part in a global airline cartel, but the airline has reached an agreement with the ACCC to pay the fine in instalments.

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ATO prepared to rule out prosecuting PwC for tax offences after privilege fight
Tax 2021-04-16 2:30 pm By Miklos Bolza

The Australian Taxation Office has told a judge it would be prepared to “give comfort” to PricewaterhouseCoopers that it will not prosecute the accounting giant for tax offences relating to documents at the centre of a court battle over privilege.

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ACCC does about-face, blesses MYOB’s acquisition of GreatSoft
Article 2021-04-16 11:17 am By Cat Fredenburgh

The ACCC has approved accounting software provider MYOB’s acquisition of cloud practice management software provider GreatSoft, reversing its earlier position that the deal could harm competition because the South Africa-based company had the potential to become a strong competitor to MYOB as more accounting firms migrate to the cloud.

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Google misled users about location data privacy, judge rules
Competition & Consumer Protection 2021-04-16 10:29 am By Christine Caulfield

Google misled or is likely to have misled some reasonable users of its Android devices about the digital giant’s use of their location data, a judge has found in a win for the consumer regulator.

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‘Bad faith, deception, unfair pressure’: 4WD rental company fined $1.2M for unconscionable conduct
Competition & Consumer Protection 2021-04-15 9:56 pm By Miklos Bolza

A judge has slapped a 4WD rental company that made “harsh and unjustified threats” against customers who challenged its decision to retain their security deposits with a $1.2 million fine.

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Hannover Life in $12M battle with ATO over input tax credits
Tax 2021-04-15 3:09 pm By Miklos Bolza

Hannover Life Re of Australasia has launch a courtroom challenge to a decision by the Australian Taxation Office which rejected $12 million in input tax credits it claimed from overheads and a distribution agreement entered into with Real Insurance.

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Sydney Opera House says China trade group copied trade mark in bad faith
Intellectual Property 2021-04-14 1:00 pm By Miklos Bolza

A trade mark application by a China Australia trade association contains an “identical copy” of the Sydney Opera House’s sail design, the trust behind the iconic landmark has claimed as it seeks revocation of the mark on the grounds of bad faith.

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PwC wins access to Baker McKenzie docs from former client in spat over failed bank launch
Accounting 2021-04-12 11:07 pm By Miklos Bolza

PricewaterhouseCoopers has won access to communications between a Chinese lender and its lawyers at Baker McKenzie in a legal stoush over a failed bid to launch the first Chinese bank incorporated in Australia.

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ASIC ordered to clarify first COVID-19 case against ClearLoans
Financial Services 2021-04-12 10:11 pm By Cindy Cameronne

A judge has ordered ASIC to provide more detail in its case accusing personal lender ClearLoans of contravening the hardship provisions of the credit laws, in the regulator’s first case related to the COVID-19 pandemic.

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Judge sends Epic’s competition dispute with Apple to California
Competition & Consumer Protection 2021-04-09 11:44 pm By Cat Fredenburgh

A judge has found that a clause in Apple’s agreement with developers requires that Fortnite game developer Epic Games litigate a closely watched competition lawsuit against the tech giant on its home turf. 

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