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Retailer The Good Guys has agreed to pay $13.5 million in ACCC proceedings alleging it made misleading statements about store credit.
The ACCC has concluded its five year inquiry into digital platforms, identifying risks to competition posed by AI and cloud computing and again calling for significant regulation to counter “harmful” practices by the likes of Google and Facebook.
HSBC has hit back at ASIC's claims that it failed to protect customers from scams, denying it breached its legislative duties despite admitting some of the regulator’s allegations concerning its compliance with the ePayments code, a voluntary code of conduct.
Big Four bank NAB has paid $751,200 for inaccurate credit data disclosures under the Consumer Data Right rules, the largest penalty to date for breaches of the regulations.
Gambling company Tabcorp has been fined $4 million or sending over 5,700 messages to VIP customers that failed to comply with spam laws.
Optus has agreed to pay a $100 million penalty in a case brought by the ACCC, admitting the watchdog's allegations that staff pressured customers into buying phones they couldn’t afford.
A judge has warned that an interlocutory privilege skirmish in the consumer watchdog’s misuse of market power case against Mastercard could “spiral out of control”.
Software company Dubber has filed a negligence suit against its former auditors, BDO, over $26.6 million in alleged missing company funds and flagged further lawsuits as part of its recovery efforts.
The ACCC has launched a review into unsolicited sales practices in response to the first ‘super complaint’ from a consumer group, which says cold calling and similar practices should be banned.