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Costco in hot water over lobster country of origin claims
Competition & Consumer Protection 2023-07-21 2:26 pm By Sam Matthews

Wholesale retailer Costco has paid a penalty of $33,000 to the consumer watchdog after being caught out for labelling imported lobster as locally sourced.

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ACCC flags concerns with Coles acquisition of Saputo dairy plants
Competition & Consumer Protection 2023-07-20 12:30 pm By Gareth Baker

The ACCC has raised concerns about Coles plans to acquire milk processing plants from Saputo, with the regulator saying the transaction — marking the first time a supermarket chain has ventured into the processing market — would be a “major structural change”.

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ACL’s $1.5B tie-up with Healius rings alarm bells for ACCC
Competition & Consumer Protection 2023-07-20 3:07 pm By Gareth Baker

The proposed $1.5 billion merger of Australian Clinical Labs and Healius — two of Australia’s largest pathology services providers — is likely to substantially lessen competition, the ACCC has warned.

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Equal pay rules don’t apply retrospectively, FWC says in Peter Rowland chef’s case
Employment 2023-07-19 10:32 pm By Gareth Baker

A former chef of catering company Peter Rowland Group has lost her fight for gender pay equality, with the Fair Work Commission accepting the merits of her claim but ruling the legislation that covers equal pay can apply only to current employees.

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Cryptocurrency exchange FTX Australia loses financial services licence
Financial Services 2023-07-19 3:58 pm By Sam Matthews

The corporate watchdog has cancelled the AFS licence of FTX Australia, the Australian subsidiary of collapsed cryptocurrency exchange FTX.

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Regulator’s files disclosed in HWL Ebsworth data breach
Privacy & Cybersecurity 2023-07-18 9:32 pm By Sam Matthews

The Fair Work Ombudsman has revealed that its files were among those exposed in a cyberattack against law firm HWL Ebsworth.

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FWO takes Bakers Delight to court over $1.25M in underpayments
Employment 2023-07-17 10:09 pm By Cat Fredenburgh

The Fair Work Ombudsman has taken Bakers Delight to court for the alleged $1.25 million underpayment of staff at three stores, the regulator’s second attempt at holding a franchisor responsible for the alleged unlawful conduct of a franchisee. In proceedings launched in the Federal Court last month, the FWO claims Bakers Delight Holdings Pty Ltd,…

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SkyCity may test AUSTRAC’s mettle at trial, judge says
AUSTRAC 2023-07-14 9:36 pm By Cindy Cameronne

SkyCity may be the first company to test the strength of AUSTRAC’s claims in court, according to a judge who recently said in a separate case that the regulator’s habit of agreeing to penalties could give rise to a “moral hazard”.

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CBA loses second bid to throw out cuckoo-smurfing case
Financial Services 2023-07-13 2:23 pm By Cindy Cameronne

The Commonwealth Bank has failed again to dismiss a case brought by customers who claim they were the victims of a money laundering scam known as cuckoo smurfing and had funds seized as proceeds of crime.

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Retired law firm partner loses battle with ATO over final payments
Tax 2023-07-13 4:18 pm By Christine Caulfield

A former law firm partner has lost his scrap with the Australian Taxation Office over exit payments he received on retirement, with a court ruling his $180,000 payout could not be offset against repayments made to the partnership’s capital account. 

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