The federal government has cut the budget for the Australian Securities and Investments Commission by $62.7 million in tandem with the regulator’s corporate registry being shifted to the ATO, but a legal expert told Lawyerly the cut could also signal a movement away from the “why not litigate” approach adopted in the wake of the banking royal commission.
Internet search giant Google wants to weigh in on an appeal over whether Epic Games’ lawsuit accusing Apple of abusing its dominance in the app store marketplace should be heard in Australia, as the ACCC wins its bid to intervene in the case.
The Australian Competition and Consumer Commission has dropped a consumer case accusing NIB Health Funds of failing to alert customers to coverage changes in their policies, less than a month before trial was set to kick off in the long-running case.
The ACCC is seeking views on a proposed undertaking by Woolworths aimed at allaying the regulator’s concerns about its planned $552 million acquisition of a 65 per cent stake in wholesale food distributor PFD Food Services.
ASIC has taken a leaf out of the playbook of Australia’s courts in granting litigation funders temporary relief from having to disclose certain sensitive financial information in their product disclosure statements.
HWL Ebsworth has been ordered to hand over file notes to a former client and whistleblower suing ANZ for unfair dismissal, with a judge rejecting the law firm’s argument that the notes were created solely for the benefit of the junior solicitor taking them.
The Australian Competition and Consumer Commission is seeking leave to intervene in Epic Games’ appeal of a ruling that sent its misuse of market power lawsuit against Apple to California so that it can argue the case should be heard in Australia.
Superannuation provider Statewide Super has announced that it will not defend civil penalty proceedings brought by ASIC over an administrative error which resulted in around 12,500 fund members being charged for non-existent insurance.
The Australian Competition and Consumer Commission has proposed to deny authorisation for Qantas to coordinate with Japan Airlines on flights between Australia and Japan despite the regulator’s increased flexibility on the travel sector during COVID-19.
BlueScope Steel has raised concerns over the ACCC’s subpoenas to produce documents in its civil penalty proceedings against the steel company, saying it may significantly broaden the regulator’s claims about which businesses are its competitors.