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Jimā€™s Group cops $24,420 fine for Franchise Code breaches
Competition & Consumer Protection 2022-10-06 11:43 pm By Cindy Cameronne

Jimā€™s Group has paid a $24,420 fine after the Australian Competition and Consumer Commission accused the company of breaching the Franchise Code and misleading a franchisee.

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ASIC takes Harvey Norman to court over ā€˜no deposit, interest freeā€™ ads
ASIC 2022-10-05 12:04 pm By Sam Matthews

The Australian Securities and Investments Commission has brought action against Harvey Norman over allegedly misleading ads about its interest-free finance.

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Judge throws out ASIC evidence on tweets in ASX Wolf Trader’s case
ASIC 2022-10-05 4:48 pm By Cindy Cameronne

The self-declared ā€œwolf traderā€ of the Gold Coast, Tyson Scholz, has won his bid to exclude ASICā€™s evidence about the meaning of his tweets in its case accusing him of providing unlicensed financial services.

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University of Melbourne admits manager called academic ‘self-entitled Y-gennerā€™
Employment 2022-10-04 4:31 pm By Sam Matthews

The University of Melbourne has hit back at the Fair Work Ombudsmanā€™s allegations that it took adverse action against two casual academics to prevent them from claiming payment for extra hours worked, but admitted a supervisor penned an email referring to one of them as a ā€œself-entitled Y-gennerā€.

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Grant Thornton, Moore Stephens sued over Linchpin audits
Financial Services 2022-09-30 6:04 pm By Sam Matthews

Embattled investment firm Linchpin Capital has sued auditors Grant Thornton and Moore Stephens for signing off on the compliance plan for a registered fund that allegedly used investor money to advance the company’s business interests and line its directors’ pockets.

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Mobile network deal with Telstra could lead to TPG price hikes, ACCC says
Competition & Consumer Protection 2022-09-30 11:14 pm By Christine Caulfield

A mobile network sharing agreement between Telstra and TPG is likely to boost the companies’ services to customers but could lead to TPG raising prices, the competition regulator said Friday.

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CBA defeats ‘misconceived’ ASIC conflicted remuneration case
Financial Services 2022-09-29 11:11 am By Sam Matthews

The Australian Securities and Investments Commission has suffered a defeat in proceedings alleging the Commonwealth Bank of Australia accepted conflicted remuneration through the sale of its Essential Super product, with a judge finding the regulator “ignored the circumstances” in which the product was distributed.

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ASIC takes Nuix to court over ‘misleading’ market announcements
Securities 2022-09-29 2:01 pm By Sam Matthews

The Australian Securities and Investments Commission has filed long-awaited action against troubled tech company Nuix and a handful of former and current directors over allegedly misleading revenue announcements to investors.

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ACCC signs off on THL acquisition of Apollo with divestitures
Competition & Consumer Protection 2022-09-29 10:46 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has given the green light to New Zealand-based THL’s acquisition of campervan competitor Apollo, after the Australian company offered to divest 80 per cent of its local motorhome rental fleet.

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J Hutchinson, CFMMEU appeal $1.35M fine over construction boycott
Appeals 2022-09-28 11:09 pm By Cat Fredenburgh

J Hutchinson and the CFMEU have appealed a judgment slapping them with a combined $1.35 million penalty for agreeing to boycott an independent subcontractor at a Brisbane construction site.

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