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Mecca units pay $594,000 for financial reporting blemish
Three companies associated with makeup retailer Mecca have copped $594,000 in penalties for allegedly failing to lodge audited financial reports on time.
Mastercard loses appeal of privilege waiver ruling in ACCC’s case
Mastercard has lost its challenge to a ruling requiring it to hand over communications about agreements with retailers in a misuse of market power case brought by the competition regulator. 
OPSM franchise operator cops $19,800 penalty for outdated disclosures
The operator of eyewear franchises OPSM and Laubman & Pank has paid a $19,800 penalty after the ACCC found it failed to provide up-to-date disclosures to prospective franchisees, several years after promising to make its franchise system more transparent. 
Binance Australia Derivatives fined $10M for offering ‘risky’ crypto products to retail customers
A judge has slapped defunct crypto firm Binance Australia Derivatives with a $10 million penalty for misclassifying around 500 retail customers as eligible to invest in risky derivatives intended for sophisticated investors. 
$100M penalties for petrol price misconduct as war’s oil shock bites
Parliament has rushed through legislation doubling penalties against petrol companies for pricing misconduct to $100 million, as prices skyrocket due to the ongoing conflict in the Middle East. 
Qteq chair hit with record $1M penalty for attempted cartel conduct
A judge has fined Queensland mining equipment company Qteq $5 million and chair Simon Ashton a record $1 million for attempting to engage in cartel conduct.
Petrol companies could face $100M penalty for pricing misconduct
The federal government has proposed doubling penalties against petrol companies for pricing misconduct to $100 million, as conflict in the Middle East causes prices to skyrocket.
ACCC, Meta in discovery standoff in crypto ad scam case
A judge has asked the Australian Competition and Consumer Commission and Meta to resolve their standoff over document discovery in a case over scam cryptocurrency ads on Facebook.
Trike maker locked in recall fight with Target wants to withdraw admission
Israel-based Smart Trike is seeking to withdraw its admission that it supplied noncompliant convertible strollers to the Australian market in a fight with distributor Target over a recall of the products. 
Construction PRO
John Holland, CPB fined over asbestos-laced mulch at Rozelle Parklands
John Holland and CPB Contractors have agreed to pay $150,000 after mulch which contained fragments of asbestos was found at Sydney's Rozelle Parklands in January 2024.