The Australian Securities and Investments Commission has brought proceedings against a Sydney-based issuer of Qoin that is also facing a class action, alleging it misled customers about the unregulated and âinherently riskyâ crypto-asset.Â
The Australian Competition and Consumer Commission has dragged Google-owned Fitbit to court for allegedly telling consumers they had to mail in broken devices within 45 days in order to obtain a refund.
Companies will face penalties of up to $50 million for serious privacy law breaches under legislation to be introduced the Attorney-General following data breaches by Optus, Medibank and Woolworths unit MyDeal.
The Australian Competition and Consumer Commission is currently ânot satisfiedâ that the public benefits from allowing Virgin and Alliance to continue to cooperate in markets for fly-in fly-out customers will outweigh its competition concerns.Â
The Australian Communications and Media Authority has found that Seven and Nine breached industry rules by showing gambling ads during their coverage of the Olympics and the NRL grand final last year.
The former managing director and CEO of Bingo Industries has pleaded guilty to aiding and abetting the waste company in fixing prices for demolition waste services in Sydney.
The ACCC has expressed concerns that Forestry Corporation of NSWâs proposed acquisition of Hume Forests could lead to price increases in regional areas by removing a significant competitor in the softwood market.Â
A judge has questioned AMP Financial Planning over whether it breached court orders to compensate customers after finding the firm failed to prevent a now banned adviser from churning life insurance for higher commissions.
French drug giant Sanofi has appealed a decision giving American biopharmaceutical company Amgen the go-ahead for its patents for a cholesterol-lowering antibody that could be used to treat heart disease, diabetes, stroke and Alzheimerâs.
Mayfair 101 founder James Mawhinney has sued the Australian Securities and Investments Commission and its deputy chair Sarah Court, alleging the corporate regulator defamed him in a media release issued last month.