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PwC a ‘different beast’ to law firms when it comes to privilege, court hears
Assessing claims of privilege involving multidisciplinary firms like PricewaterhouseCoopers that offer legal and accounting services is "inherently awkward", a court heard on the final day of a hearing in a privilege battle between the accounting firm and the ATO.
ACCC to probe Apple Pay restrictions on banks
The Australian Competition and Consumer Commission is investigating competition concerns about Apple’s refusal to allow third party access to the near-field communication chip that allows iPhone users to make 'tap and go' payments through Apple Pay.
ACCC says Qantas, Japan Airlines alliance could cause prices to soar
A proposed alliance between Qantas and Japan Airlines has failed to take flight after the Australian Competition and Consumer Commission said the coordination of flights between Australia, New Zealand and Japan could cause ticket prices to soar.
Merck Sharp & Dohme appeals judgment tossing Januvia patent extension
Merck Sharp & Dohme is seeking to overturn a judgment refusing an extension of a patent covering its Januvia and Janumet diabetes drugs that would have seen the US drug maker of retaining a monopoly over the multibillion dollar medicines beyond July 2022.
Lawyer, directors of failed property group Members Alliance face 72 charges
An award-winning Gold Coast solicitor and four directors of the Members Alliance and Benchmark group of companies have been charged in connection with the collapse of the property investment group in 2016.
PwC partner at centre of ATO privilege spat earned less than non-lawyer assistants, court hears
A PwC partner who the ATO claims was assigned to work on a matter for meat processing company JBS to bring a "cloak of legal privilege" earned hundreds of dollars less per hour than his non-lawyer assistants, a court has heard.
PwC client says ATO’s privilege case ‘nightmare to the rule of law’
Meat processing company and former PricewaterhouseCoopers client JBS has slammed as a “nightmare to the rule of law” a claim by the Commissioner of Taxation that the accounting giant’s internal protocols destroyed the company’s lawyer-client relationship.
CBA unit faces penalty for misleading superannuation members
Commonwealth Bank of Australia unit Colonial First State Investments is facing penalties after the Federal Court found it misled its customers about their rights and obligations relating to the MySuper reforms passed by the federal government in 2012.
Bathroom brand Nero admits engaging in likely resale price maintenance
The Australian Competition and Consumer Commission has accepted a court-enforceable undertaking from designer tapware supplier Nero Bathrooms following revelations the company likely engaged in resale price maintenance.
Allianz units fined $1.5M for misleading insurance sales on Expedia
Allianz Australia and its travel insurance unit AWP Australia have been hit with $1.5 million in penalties in ASIC’s case alleging the insurance companies misled customers while selling travel insurance on Expedia websites.