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Telstra cops $1.5M penalty for flouting customer ID rules
Telecommunications 2024-07-17 11:25 pm By Cat Fredenburgh

Telstra has been hit with a $1.5 million penalty from the communications regulator for failing to perform the requisite costumer ID authentication on over 150,000 “high-risk” interactions, such as SIM card swaps.

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Birkenstock wins bid to trade mark popular shoe shape
Intellectual Property 2024-07-16 10:38 pm By Cat Fredenburgh

Birkenstock has succeeded in securing trade mark protection for the shape of four of its shoes, a boon to the German shoe maker as it fights knock-offs of its popular sandals.

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BitConnect’s former Aussie promoter John Bigatton convicted
Cryptocurrency 2024-07-15 11:58 pm By Cat Fredenburgh

Former BitConnect national promoter John Louis Bigatton has been convicted for his role in marketing the online cryptocurrency platform, a global Ponzi scheme that reached a market capitalisation of $5 billion before its collapse.

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Westpac unit RAMS faces trade mark appeal from fund manager RAM
Intellectual Property 2024-07-12 11:19 pm By Sam Matthews

Fund manager Real Asset Management has appealed a ruling which upheld mortgage broker RAMSā€™ bid to block the registration of two RAM trade marks.Ā 

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The Good Guys promotions not so good for consumers, ACCC claims
Competition & Consumer Protection 2024-07-11 10:55 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has brought proceedings against retailer The Good Guys, alleging it made misleading statements about store credit.Ā 

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ACCC flags competition concerns with Aurizon acquisition of Flinders Logistics
Competition & Consumer Protection 2024-07-11 11:33 pm By Sam Matthews

The consumer regulator has flagged concerns over national freight company Aurizonā€™s proposed acquisition of stevedoring and logistics business Flinders Logistics, saying the deal could incentivise Aurizon to block other rail haulage providers from accessing a key berth in Port Adelaide.

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In first, court finds non-bank lender Firstmac breached DDO obligations
Financial Services 2024-07-10 11:07 pm By Cindy Cameronne

In a win for ASIC, the Federal Court has found that non-bank lender Firstmac Limited breached the design and distribution obligations, introduced in 2021, by marketing a managed investment scheme that could be unsuitable for customersā€™ financial needs.Ā 

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BlueScope’s circumstantial evidence falls short in unfair dismissal case
Employment 2024-07-10 11:23 pm By Sam Matthews

The Fair Work Commission has ruled that an electrician with BlueScope Steel was unfairly dismissed following a complaint by a coworker who did not give evidence to the commission, finding that it was ā€œabundantly unfairā€ for the complaint to be advanced as hearsay evidence.

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Telstra cops reprimand for publishing 140,000 silent numbers
Telecommunications 2024-07-09 11:51 pm By Christine Caulfield

Telstra has been reprimanded by ACMA after the communications regulator found the silent numbers of more than 140,000 customers — including domestic violence victims — were made public.

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Bid to trade mark ‘accredited nutritionist’ hard to swallow, IP Australia tells Dietitians Association
Intellectual Property 2024-07-08 11:31 pm By Cat Fredenburgh

The Dietitians Association of Australia can’t register a logo featuring the words ‘accredited nutritionist’ as a trade mark, with a delegate agreeing with a competing nutritionist group that the association should not have a monopoly over the highly descriptive term.

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