The Australian Competition and Consumer Commission has extended an authorisation allowing Regional Express to coordinate with Qantas and Virgin on certain regional routines during the coronavirus pandemic. The airlines won interim authorisation from the competition regulator in March to coordinate flight schedules and share revenue on what the ACCC called ten important regional routes. Under…
The Australian Competition and Consumer Commission has come up short in its challenge to a ruling that dismissed its case against TPG over contract terms that allowed the internet provider to keep customers’ unused prepaid funds on phone or internet plans.
The Australian Securities and Investments Commission told the government’s class action inquiry that it was committed to making the existing class action regime work with upcoming regulations that will spell the end of its “light touch” approach to litigation funders.
A court has granted ASIC’s bid to wind up an illegal managed investment scheme whose operators fled to India following the “systematic misappropriation” of almost $7 million in investor funds.
Westpac anti-money laundering compliance troubles continue to worsen, with the bank reporting an additional 365,000 incomplete or inaccurate threshold transaction reports to AUSTRAC.
The ACCC has launched court proceedings against Google, accusing the search engine giant of duping millions of Australians into agreeing to expand the scope of personal information that could be collected and combined for use in targeted advertising.
Former Bellamy’s Australia director Jan Cameron has pleaded not gulty to two charges stemming from an alleged failure to disclose her stake in the organic baby food company.
A senior officer from the ACCC has rejected claims that the regulator took legal advice from immunity applicant JPMorgan before launching its high profile criminal cartel case against ANZ, Citigroup and Deutsche Bank.
A former high-ranking Deutsche Bank executive charged with involvement in an alleged cartel agreement relating to a $2.5 billion ANZ share placement claims he was dragged into the case becaused of the “incredibly slapdash” methods of the ACCC.
The Australian Competition and Consumer Commission has instituted court proceedings against a unit of French sporting goods giant Decathlon alleging it flouted product safety standards over a three-year period.