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Optus pressured customers to buy phones they couldn’t afford, ACCC says
Competition & Consumer Protection 2024-10-31 11:37 pm By Andy Sidler

The consumer regulator has launched court action against Optus, alleging sales staff put undue pressure on customers to buy phones they couldn’t afford.

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Brookfield wins conditional approval for $10B Neoen play
ACCC 2024-10-31 11:59 pm By Andy Sidler

The ACCC will clear asset manager Brookfield’s $10 billion acquisition of French renewables giant Neoen on the condition that it shed Neoen’s Victorian assets and projects.

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ASIC sues Oak Capital for alleged Credit Code dodge on $37M in loans
Competition & Consumer Protection 2024-10-30 11:06 pm By Cat Fredenburgh

ASIC claims non-bank lender Oak Capital engaged in unconscionable conduct by deliberating employing a business model to skirt the National Credit Code when issuing $37 million in loans.

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Metcash loses appeal over worker rest breaks
Employment 2024-10-30 11:30 pm By Sam Matthews

Distribution company Metcash has lost its bid to overturn a decision that found it had to provide employees with a 12-hour break between shifts irrespective of whether the work was ordinary or overtime hours.

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ASIC wins case over life insurer’s misleading ‘pre-existing condition’ term
Insurance 2024-10-29 11:04 pm By Cindy Cameronne

ASIC has won its case against insurer HCF Life over a pre-existing condition term that was likely to mislead the public, but failed to convince the court that it was an unfair contract term. 

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ASIC warns financial services firms of risk of governance lag with AI use
Financial Services 2024-10-29 11:23 pm By Andy Sidler

The corporate regulator has warned financial services and credit licensees to get ahead of the curve in regulating the use of AI, particularly in the face of novel risks that include algorithm bias.

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Accolade, Pernod Ricard tie-up goes down smoothly with ACCC
Competition & Consumer Protection 2024-10-25 12:53 pm By Cindy Cameronne

The ACCC has cleared Accolade’s proposed acquisition of Jacob’s Creek owner Pernod Ricard, finding it is not likely to substantially lessen competition in the supply of wine.

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IP case over basmati rice to venture into ‘darker corners’ of trade mark law
Intellectual Property 2024-10-24 2:26 pm By Andy Sidler

The scope of protection for geographical indications will be at issue in India’s appeal of a decision that barred it from registering a trade mark for basmati rice.

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ACCC raises concerns about Qube’s plan to buy Melbourne terminal operator
Corporate 2024-10-24 12:41 pm By Cindy Cameronne

Qube’s proposed acquisition of the Melbourne International Roro & Auto Terminal could prevent rivals from competing effectively, the ACCC has said.

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Lawyer found to have yelled at opposing solicitor can’t appeal sacking
Employment 2024-10-24 12:50 pm By Andy Sidler

A family lawyer can’t appeal a decision that found her dismissal was justified after she gamed her employer’s time recording system and yelled at an opposing solicitor. 

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