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Compensation for Privacy Act breaches requires class members to prove loss: judge
Privacy & Cybersecurity 2023-09-18 4:35 pm By Sam Matthews

Victims of privacy breaches must demonstrate actual loss and damage to be eligible for compensation, according to a judge who has given asylum seekers who secured a ruling from the Privacy Commissioner a second chance at proving loss from theĀ public disclosure of their personal information.

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High Court to hear appeal of ACCC’s unconscionable conduct win against college
Competition & Consumer Protection 2023-09-15 4:54 pm By Cindy Cameronne

The High Court has granted defunct online educator Captain Cook College special leave to appeal a finding that it engaged in systemic unconscionable conduct by enrolling thousands of unsuitable students, who accrued $60 million in debt but never finished their courses.Ā 

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Competition case against NSW Ports destined for High Court, court told
Competition & Consumer Protection 2023-09-15 10:21 pm By Cindy Cameronne

A New South Wales developer’s argument that the Full Court was “plainly wrong” to dismiss the ACCCā€™s competition case against NSW Ports over the privatisation of two ports is destined for the High Court, a judge has heard.Ā 

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ACCC plans to bar Qantas from coordinating with Chinese airline
Competition & Consumer Protection 2023-09-15 4:17 pm By Sam Matthews

In the latest setback for Qantas, the ACCC has said it intends to deny the embattled airline’s bid to coordinate operations with China Eastern Airlines on flights between Australian and China in light of competition concerns.

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OAIC taken to court in battle to run Optus class action-style complaint
Privacy & Cybersecurity 2023-09-14 11:13 pm By Sam Matthews

The OAIC has been dragged to court by the law firm that filed a class action-style complaint over the massive Optus data breach, after the privacy commissioner chose a competing representative complaint to move forward.

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CBA deserves max penalty for $16.4M in underpayments, court told
Financial Services 2023-09-12 11:07 pm By Cindy Cameronne

CBA should pay a penalty of $12.8 million — close to the maximum penalty the court can impose on the bank — for underpaying its staff to the tune of $16.4 million, a judge has heard.

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ANZ, Suncorp gear up for fight with ACCC over $4.9B merger
Competition & Consumer Protection 2023-09-12 11:25 pm By Sam Matthews

A battle with the competition regulator over the proposed ANZ, Suncorp tie-up has begun, with the first clash involving a group of rival lenders that want their submissions to the ACCC kept under lock and key.

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ACCC delays decision on Coles acquisition of Saputo plants
Competition & Consumer Protection 2023-09-12 11:35 pm By Cat Fredenburgh

The ACCC has delayed its decision on whether to greenlight Coles’ plans to acquire milk processing plants from Saputo, after expressing competition concerns about the $105 million deal.

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ASIC alleges AustralianSuper caused $69M in member losses
Financial Services 2023-09-08 11:00 pm By Cat Fredenburgh

The corporate regulator has taken the country’s largest superannuation fund, AustralianSuper, to court for allegedly causing $69 million in losses to customers by failing to merge multiple superannuation accounts.

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ME Bank pleads guilty to misleading borrowers, says crime didn’t hurt anyone
Financial Services 2023-09-07 11:00 pm By Sam Matthews

Direct bank Members Equity has pleaded guilty to criminal charges over misleading representations to customers, but a judge has questioned the bankā€™s submissions in favour of a low penalty, noting it was only ā€œhappenstanceā€ that a systems glitch didnā€™t lead to worse outcomes for customers.

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