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ACCC may put brakes on Aurizon’s $2.3B bid for One Rail
Competition & Consumer Protection 2022-06-09 9:56 pm By Harry Thomas

The Australian Competition and Consumer Commission has raised preliminary concerns that Aurizon’s proposed $2.3 billion acquisition of rail haulage company One Rail could stymie competition in the NSW and Queensland markets for coal haulage services by rail.

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Meta wants details of tech capabilities kept under wraps in ACCC case
Cryptocurrency 2022-06-09 7:23 pm By Sam Matthews

Facebook owner Meta is fighting for broad non-publication orders in its battle with the ACCC over material it says could prejudice jury members in criminal proceedings by mining magnate Andrew Forrest.

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Property guru Sasha Hopkins converted investor funds into crypto assets, ASIC says
Financial Services 2022-06-08 3:05 pm By Sam Matthews

The Australian Securities and Investments Commission has released details of its allegations against embattled property developer Sasha Hopkins, who is the subject of several freezing orders won by the regulator earlier this month.

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ACCC, Fujifilm ‘close’ to settling case over small biz contracts
Competition & Consumer Protection 2022-06-08 4:14 pm By Cindy Cameronne

The Australian Competition and Consumer Commission is ā€œcloseā€ to settling its case against office supply company Fujifilm over allegedly unfair contracts with small businesses, a court has heard.

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Nufarm takes Advanta Seeds to court after patent lapse held to be lawyers’ error
Intellectual Property 2022-06-08 4:59 pm By Sam Matthews

Agricultural chemical company Nufarm has appealed a decision giving rival Advanta Seeds extra time to pay a renewal fee for its patent for a hybrid plant cell after correspondence from its lawyers was sent to employees that had left the company and the patent renewal fell through the cracks.

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ASIC wins guilty plea from investor who posted about ā€˜fun and gamesā€™ of market manipulation
White Collar 2022-06-07 4:44 pm By Harry Thomas

A Melbourne investor who posted in an online forum that a pump and dump scheme was all part of the ā€œfun and games and cat and mouse of the stock marketā€ has pleaded guilty to market manipulation.

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ASIC sues online lender Sunshine Loans over ‘prohibited’ fees
Financial Services 2022-06-07 12:53 pm By Sam Matthews

The Australian Securities and Investments Commission has sued Queensland-based Sunshine Loans for allegedly charging over $320,000 in prohibited fees.

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Property developer Sasha Hopkins to face ASIC grilling
Real Estate 2022-06-03 5:13 pm By Sam Matthews

Embattled property developer Sasha Hopkins will face a compulsory examination by the Australian Securities and Investments Commission over the activities of his company A Team Property Group.

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‘High prices, worse service’: Optus CEO lashes proposed TPG-Telstra deal
Competition & Consumer Protection 2022-06-01 10:19 pm By Harry Thomas

The CEO of Optus has come out swinging against a proposed 10-year agreement between TPG and Telstra to share mobile network infrastructure and spectrum in parts of regional Australia, warning it would harm consumers.

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Sacking of ANU professor who went skinny dipping with student not unfair, FWC says
Employment 2022-05-31 3:20 pm By Sam Matthews

The Fair Work Commission has overturned a finding that an Australian National University professor was unfairly fired over a 30-minute “intimate” beach encounter with a student, saying the student was unfairly cast as an ā€œembittered seductress.ā€

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