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a2 Milk wins trade mark ruling after IP Australia left ‘legitimate uncertainty’
A judge has allowed two a2 Milk trade marks to proceed to registration despite "legitimate uncertainty" created by IP Australia in a long-running intellectual property spat with competitor Lion Dairy & Drinks.
ACCC trying to ‘fit a square peg into a round hole’ with bank cartel case, court hears
The ACCC has been accused of running a "experimental test case" that tries to fit the shares market within the scope of the Competition and Consumer Act with its criminal cartel case against Citigroup, Deutsche Bank and several prominent banking executives over a $2.5 billion ANZ share placement.
Training college AIPE hit with record $153M penalty for ‘unconscionable’ enrolment system
Collapsed NSW training company Australian Institute of Professional Education has been slugged with a $153 million penalty, the highest ever fine in a consumer law case, after the Federal Court found the school targeted vulnerable students through an "unconscionable" enrolment system.
‘Don’t panic’: JPMorgan boss tried to allay bank exec’s fears over shortfall, court told
JPMorgan Australia chairman Rob Priestley told Citigroup and Deutsche Bank executives not to “panic” about picking up a shortfall in the sale of ANZ shares, a court has heard in the ACCC’s criminal cartel case over a $2.5 billion ANZ share placement.
Coles taken to court by FWO over $115M in staff underpayments
The Fair Work Ombudsman has taken supermarket giant Coles to court for allegedly underpaying more than 7,800 staff members $115 million over three years.
ACCC clears JBS Australia’s proposed $175M acquisition of Rivalea
The Australian Competition and Consumer Commission has given the green light to pork processor JBS Australia to proceed with its proposed $175 million acquisition of a Singapore-owned pig farm and abattoir business, despite competition concerns raised by pig farmers.
ACCC pressured ASIC to drop investigation into JPMorgan, court hears
A senior ACCC officer tried to dissuade ASIC from investigating alleged insider trading by JPMorgan because of fears it would “upset” the competition regulator’s criminal cartel case over a $2.5 billion ANZ share placement, a court has heard.
CFMMEU cops $554,600 penalty for coercive worksite protests
The CFMMEU and two of its officers have been hit with a $554,600 penalty for allegedly using the union's “covert industrial muscle” to pressure a New South Wales crane company to bend to its bargaining demands.
ACCC updated policies on witnesses after ‘flawed’ bank cartel probe, court hears
A senior ACCC officer was probed Tuesday on whether the competition regulator updated its guidelines for taking witness statements in July in response to criticism of investigators' methods in the cartel probe over ANZ's $2.5 billion share placement.
Westpac faces $100M penalty in six ASIC cases over ‘widespread failures’
Banking giant Westpac has admitted to allegations in six new cases by the Australian Securities and Investments Commission alleging widespread compliance failures across multiple businesses, and will agree to pay a combined $100 million penalty.