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Penalty in ACCC case against Uber off by more than $20M, judge says
Competition & Consumer Protection 2022-07-25 11:07 pm By Sam Matthews

A judge has slammed a $26 million penalty agreed to by Uber and the ACCC as ā€œnot within the rangeā€, saying the impact of the rideshare giant’s misleading conduct appeared to be “trivial”.

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Receivers get court OK to sell Melissa Caddickā€™s Dover Heights mansion
Financial Services 2022-07-25 1:24 pm By Cindy Cameronne

A judge has allowed receivers to sell the Dover Heights mansion of Sydney fraudster Melissa Caddick without any distribution of proceeds, saying the sale ā€œshould take place post-hasteā€.

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ASIC can pursue defunct funeral insurer in case of ‘clear public interest’
Insurance 2022-07-25 3:30 pm By Cindy Cameronne

A judge has given ASIC the green light to continue proceedings against a defunct funeral insurer which allegedly misled Aboriginal customers about being Indigenous-owned and claims that its products were specifically beneficial for First Nations people.

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ASIC loses bid for early punishment against Select AFSL
Competition & Consumer Protection 2022-07-22 10:07 pm By Cindy Cameronne

A judge has shot down ASIC’s bid for declarations against life insurer Select AFSL before a penalty hearing after finding that the insurer acted unconscionably when selling insurance over the phone.

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No whey: IP Australia sides with Fonterra in rejecting protein patent
Intellectual Property 2022-07-21 9:13 pm By Sam Matthews

IP Australia has rejected the patent application of Scandinavian dairy giant Arla Foods amba, finding its high-protein whey-based yoghurt invention lacked an inventive step.

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Alleged Ponzi schemer Chris Marco charged with 50 fraud counts
White Collar 2022-07-20 9:27 am By Cindy Cameronne

Accused Ponzi schemer Chris Marco has been hit with criminal charges after an investigation by the Australian Securities and Investments Commission found he defrauded $36.5 million from nine investors.

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Logistics company drivers are independent contractors, Federal Court finds
Employment 2022-07-20 3:53 pm By Cindy Cameronne

A judge has found four drivers working with transport company Avert Logistics are independent contractors despite the business supplying vehicles for them.

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ClearLoans settles ASIC’s first COVID-19 case against lender
COVID-19 2022-07-18 4:35 pm By Cindy Cameronne

The sole director of personal lender ClearLoans has agreed to settle the first case the Australian Securities and Investments Commission brought related to the COVID-19 pandemic.

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Booktopia agrees on penalty in ACCC case over ‘misleading’ refund policy
Competition & Consumer Protection 2022-07-15 1:43 pm By Christine Caulfield

Booktopia has resolved a case by the consumer regulator alleging the online book retailer’s policy that required customers to request a refund within two business days of purchase was misleading.

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Unvaxxed stevedores not owed damages even if sackings had been unfair: FWC
COVID-19 2022-07-14 4:26 pm By Sam Matthews

The Fair Work Commission has found that unvaccinated stevedores were not unfairly terminated by their employer Patrick Stevedores — and even if they were no damages were owing.Ā 

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