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Court scraps mediation in ASIC case as Mayfair fails to retain Ashurst
Financial Services 2020-12-23 4:12 pm By Miklos Bolza

A judge has vacated a scheduled mediation in ASIC’s misleading and deceptive conduct case against three companies in the beleaguered Mayfair Group after they failed to procure legal representation despite assurances that lawyers would be engaged promptly.

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ACCC rejects Google undertaking to seal $3B Fitbit deal
Competition & Consumer Protection 2020-12-22 9:30 am By Cat Fredenburgh

The Australian Competition and Consumer Commission has rejected a behavioural undertaking from Google intended to assuage the regulator’s competition concerns about its planned $3 billion acquisition of fitness device company Fitbit, saying it would be challenging to monitor and enforce.

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Lorna Jane faces ACCC action over anti-virus activewear claims
Competition & Consumer Protection 2020-12-21 3:58 pm By Spencer Fowler Steen

The ACCC has taken legal action against women’s activewear company Lorna Jane for allegedly representing to consumers during the height of the coronavirus pandemic in Australia that its anti-virus activewear would protect them from viruses, including COVID-19.

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Training company AIPE on hook for $139M in compensation in ACCC case
Competition & Consumer Protection 2020-12-21 1:44 pm By Christine Caulfield

A judge has found a NSW training company is liable to pay $139 million for over 12,000 students who racked up VET FEE-HELP debts but failed to complete their courses due to an “unconscionable” enrolment system.

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MinterEllison gave ASIC advice on Shipton’s tax bill
ASIC 2020-12-18 9:41 pm By Spencer Fowler Steen

Top-tier law firm MinterEllison provided ASIC with a legal opinion on whether it was appropriate for the regulator to cover the tax bill of chairman James Shipton, telling the regulator that it was “standard practice” for an employer to cover the reasonable cost of tax advice.

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ASIC has spent $3.2M on criminal lawsuits against Clive Palmer
White Collar 2020-12-18 3:11 pm By Miklos Bolza

ASIC has spent $3.2 million so far pursuing billionaire mining magnate Clive Palmer in two criminal lawsuits alleging takeover contraventions and fraud.

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ABC hit with lawsuit for requiring make-up artist to wear a mask
COVID-19 2020-12-16 5:41 pm By Miklos Bolza

A make-up artist has launched a Fair Work case against the ABC alleging she lost her shifts after refusing to wear a mask in the midst of the COVID-19 pandemic.

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Facebook hit with ACCC action for ‘misleading’ users over data protection app
Competition & Consumer Protection 2020-12-16 10:43 am By Christine Caulfield

The consumer watchdog has launched enforcement action against Facebook, alleging the social media giant engaged in false, misleading or deceptive conduct in the promotion of its discontinued Onavo Protect mobile app.

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Ex-BlueScope exec Jason Ellis avoids jail for obstructing ACCC cartel probe
Competition & Consumer Protection 2020-12-15 10:29 pm By Christine Caulfield

Former BlueScope general manager of sales and marketing Jason Ellis has been sentenced to a wholly suspended prison term of eight months after pleading guilty to obstructing a price fixing investigation.

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ACCC raises competition concerns about Woolworths $552M acquisition of PFD
Competition & Consumer Protection 2020-12-15 5:04 pm By Cat Fredenburgh

The ACCC has raised preliminary competition concerns about Woolworths proposed 65 per cent acquisition of food wholesale distributor PFD Food Services, saying the deal would give Woolworths more power in its dealings with food manufacturers.

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