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Bupa hit with $6M penalty over broken promises to aged care residents
Competition & Consumer Protection 2020-05-12 4:44 pm By Cat Fredenburgh

Bupa Aged Care has been ordered to pay a $6 million penalty for charging customers of its aged care facilities for services it never provided, including enhancements intended to improve the quality of life for its most vulnerable residents, such as those suffering from dementia and blindness.

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Car makers won’t take class closure fight to High Court
Product Liability 2020-05-07 11:24 pm By Miklos Bolza

Seven car makers defending class actions over defective Takata airbags have confirmed they will not be challenging a landmark decision that set aside a pre-settlement class closure order in the cases.

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Murray Goulburn sues insurer for $8.85M to recover class action costs
Insurance 2020-05-07 2:29 pm By Christine Caulfield

Dairy cooperative Murray Goulburn has launched proceedings against AIG Australia seeking to recover 20 per cent of a $42 million class action settlement it paid, plus the legal costs of defending two class actions.

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Pershing pleads guilty to mishandling client funds in first criminal case of its kind
White Collar 2020-05-07 12:05 pm By Christine Caulfield

The Australian arm of global financial solutions provider Pershing faces sentencing after pleading guilty to criminal offences of mishandling client funds.

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ACCC dodges indemnity costs over failed detergent cartel appeal
Competition & Consumer Protection 2020-05-06 6:37 pm By Miklos Bolza

Personal healthcare giant PZ Cussons has lost its bid for indemnity costs against the ACCC, after claiming that the regulator was “doomed to fail” when it appealed a judgment dismissing its case over an alleged laundry detergent cartel.

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ACCC loses appeal over $205M Pacific National, Aurizon terminal deal
Competition & Consumer Protection 2020-05-06 5:41 pm By Miklos Bolza

The ACCC has come up short in its appeal of a ruling that dismissed its challenge to Pacific National $205 million acquisition of Aurizon’s Acacia Ridge Terminal in Queensland, with the Full Federal Court also releasing Pacific National from an undertaking given to the court.

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Flight Centre dodges ACCC action, refunds COVID-19 cancellation fees
Competition & Consumer Protection 2020-05-01 11:29 pm By Cat Fredenburgh

Facing the threat of regulatory action and a possible class action, Flight Centre will refund thousands of customers who were charged a $300 fee for cancelling travel plans because of government restrictions to combat the coronavirus.

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Bob Jane promises to tell franchisees if the end of the road is near
Retail 2020-04-30 3:34 pm By Cat Fredenburgh

Bob Jane will give franchisees at least six months’ notice before terminating their agreements, after the Australian Competition and Consumer Commission said the tyre retail chain was likely flouting the law by failing to do so.

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ASIC actions lead to jump in criminal charges, millions in fines
ASIC 2020-04-29 9:27 pm By Christine Caulfield

Investigations by ASIC led to prosecutors laying 279 criminal charges in the last six months of 2019, an increase of 300 percent on the previous six months, the corporate watchdog’s latest report reveals.

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Privacy group urges ACCC to block Google, Fitbit merger
Competition & Consumer Protection 2020-04-28 11:19 am By Cat Fredenburgh

Allowing Google’s planned $3 billion acquisition of fitness device company Fitbit to go through would give the search giant “unprecedented” access to sensitive personal data and would substantially lessen competition in several markets, a privacy rights group has told the Australian Competition and Consumer Commission.

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