The corporate regulator has launched an inquiry into the Australian Securities Exchange following “repeated and serious failures”, while discontinuing its investigation into a one-day technical failure in December 2024.
Online mattress retailer Emma Sleep has admitted to misleading consumers about the sale price for mattresses, but a court has found its German parent company is not on the hook because its executives did not give directions to the Australian unit.
NAB has agreed to pay a $15.5 million penalty for failing to respond to customer hardship notices, around half the size of the penalty ASIC is seeking against Westpac for similar breaches of the Credit Code.
Mobil Oil has admitted it misled consumers by falsely claiming it was selling a specific brand of fuel at Far North Queensland petrol stations, but cites the challenges of supplying the fuel to the region, which it says was a loss-making exercise.
Red Bull has won its opposition to a Chinese beverage manufacturer’s bid to register ‘SeaBull’ as a trade mark for non-alocoholic drinks, with an IP Australia delegate finding the mark is deceptively similar to Red Bull’s.
The High Court has agreed to hear the ATO’s bid to reverse landmark ruling that found an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, a decision that affects $50 billion in trust distributions. The Tax Office won special leave from the High Court on Thursday, as it seeks…
The ACCC will not oppose Allianz Australia’s plan to acquire the personal insurance business of the RAA after finding the transaction, which is part of a $642 million deal, does not pose a substantial threat to competition in the South Australian market. Insurance giant Allianz announced the $642 million deal with the Royal Automobile Association…
Griffith University has signed an enforceable undertaking to backpay $8.34 million in wages, interest and superannuation to 5,457 staff who were underpaid over a nine-year period.
Caravan giant Jayco faces enforcement action for allegedly making misleading claims about the off-road capabilities of its vehicles.
The Australian Securities and Investments Commission has launched action against Australian Unity, alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors.