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Repipe loses appeal in battle with IP Australia over computer-implemented invention
The Full Federal Court has shot down plumbing company Repipe’s appeal of a decision rejecting its innovation patents for a claimed computer-implemented invention, saying it only addressed issues in business operations rather than improving on computer technology.
ACCC launches case against Booktopia over ‘misleading’ refund policy
The Australian Competition and Consumer Commission has launched proceedings against online book retailer Booktopia for allegedly making false or misleading statements about consumers' rights to refunds for faulty books.
ANZ to pay $25M for short-changing half a million customers
The Australia and New Zealand Banking Group has agreed to pay a $25 million penalty to resolve proceedings by the Australian Securities and Investments Commission alleging the bank short-changed hundreds of thousands of customers to the tune of $200 million.
ASIC opposes BlueScope general manager’s request to manage company
The Australian Securities and Investments Commission has opposed BlueScope Steel general manager Jason Ellis’ request for court permission to manage another company, saying he should wait until the ACCC’s price-fixing case against him has been decided.
Full Court parks opposition to patent for detecting parking overstays
Tech company Vehicle Management Systems has come up short in its third attempt to block competitor SARB Management Group's patent application for a magnetic parking overstay detector, with the Full Court rejecting claims that VMS' managing director should have been listed as the device's inventor.
ACCC blesses $23.6B private equity takeover of Sydney Airport
The Australian Competition and Consumer Commission will not oppose the $23.6 billion takeover of Sydney Airport by an international consortium of investors, finding further consolidation is unlikely to lessen competition in a market which is already a "natural monopoly".
Port of Newcastle can charge Glencore higher access fees, High Court rules
The Port of Newcastle has largely won its High Court fight with mining giant Glencore over access fees and will now be able to set a higher price for use of the port's facilities.
Worldwide freezing orders not conditional on enforcement prospects, High Court says
The High Court has granted the ATO’s bid to impose a worldwide freezing order against Chinese property developer Changran Huang, saying the court’s power to freeze assets did not depend on whether there was a realistic possibility of enforcing a judgment in a foreign jurisdiction.
Avanteos faces multi-million dollar penalty in landmark criminal case over dead members
Former Commonwealth Bank subsidiary Avanteos Investments Limited pleaded guilty on Wednesday to charging up to $700,000 in fees to hundreds of deceased superannuation fund members.
Class action accuses McDonald’s of denying workers unpaid rest breaks
Fast food giant McDonald’s has been hit with a class action alleging it systematically failed to provide employees with paid 10 minute rest breaks.