Retail giant Harvey Norman and consumer credit provider Latitude Finance have hit back at ASIC claims that they ran misleading ads for interest-free finance, saying reasonable consumers would have known additional conditions were laid out in the ads’ fine print.
A former director of Spaceship Capital Limited has succeeded in overturning a banning order imposed by ASIC, with a tribunal finding he may have been kept in the dark about the software bug that led to the ban.
Retail Food Group has agreed to a settlement worth $10 million in ACCC proceedings alleging the franchise giant misled purchasers of loss-making stores about the viability of its stores.
The Australian Competition and Consumer Commission has given the green light to Endeavour Group’s acquisition of the Beachfront Hotel north of Darwin after the Dan Murphy’s owner agreed to divest a nearby bottle shop.
The founder of investment group Mayfair 101 must foot half his costs of a successful appeal of a 20-year ban on fund raising because of the many “spurious” grounds of appeal he pressed.
The Victoria Supreme Court has dismissed a bid to quash the Environment Protection Authority’s decision to renew the mining licences of the state’s three remaining coal power stations, in a test case for the state’s Climate Change Act.
The proposed Armaguard merger with rival Prosegur will clearly reduce competition in the cash transport industry but the world without the tie-up might be just as bleak, the ACCC has said.
The communications regulator has found an ABC Four Corners report on the role Fox News played in perpetuating the lie that the 2020 US presidential election was stolen breached the accuracy and fair and honest dealing requirements in its Code of Practice.
A $1.5 million class action settlement against failed logistics provider GetSwift, which a judge termed a “disaster”, has been revised down to $1 million and may face a liquidators’ challenge that could see a group members recover nothing.
Gold Coast ‘finfluencer’ Tyson Scholz provided illegal financial services by giving tips on his Instagram account and to customers who paid for access to his seminars and ‘Black Wolf Pit’ chat room, a judge has found.