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Viagogo loses appeal of $7M penalty for duping consumers
Competition & Consumer Protection 2022-05-18 2:03 pm By Sam Matthews

Viagogo has lost a bid to overturn a $7 million penalty handed down after a judge found the ticket reseller misled customers on an “industrial scale”.

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No hard time limit on criminal charges against ME Bank, prosecutors say
Financial Services 2022-05-18 1:09 pm By Christine Caulfield

Challenging a ruling that tossed half the charges brought against direct bank Members Equity, prosecutors have told an appeals court the ASIC Act does not impose a strict deadline for bringing a criminal case of misleading or deceptive conduct.

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‘Box them in’: Company pressured customers to invest in timeshare scheme, court finds
Competition & Consumer Protection 2022-05-17 9:41 pm By Sam Matthews

A judge has found that financial advisers acting for Ultiqa Lifestyle Promotions gave advice against the best interests of consumers, cornering them into investing thousands of dollars into a timeshare scheme that many could not afford.

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GetSwift, directors drop appeal of judgment on ‘PR-driven’ approach to disclosures
Securities 2022-05-16 11:38 pm By Cat Fredenburgh

Logistics company GetSwift and its directors have dropped their challenge to a judgment that found the company breached its continuous disclosure obligations with its “PR-driven” approach to ASX statements.

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Noni B owner must fork over docs over potential Spam Act violations
Privacy & Cybersecurity 2022-05-16 3:26 pm By Cindy Cameronne

Mosaic Brands has lost its appeal of a ruling ordering it to comply with a request for documents from the Australian Communications and Media Authority over alleged violations of the Spam Act. 

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ASIC wins admissions from debt collector that threatened imprisonment
Financial Services 2022-05-16 5:37 pm By Cindy Cameronne

Debt collection agency A&M Group, trading as Debt Negotiators, has admitted it unduly harassed and coerced debtors by repeatedly contacting family, friends and employers and claiming they could face imprisonment.

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Consolidation of Dixon Advisory class actions hits snag over funding
Class Actions 2022-05-13 10:20 pm By Sam Matthews

A proposed consolidation of two class actions against collapsed wealth manager Dixon Advisory has hit a snag, with Shine Lawyers wanting to ensure group members who have signed up for its no win, no fee proceeding don’t get stuck paying the commission of the funder backing its rival’s case.

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Clothing retailer Tiger Mist pays fine for misleading returns policy
Competition & Consumer Protection 2022-05-13 10:39 pm By Sam Matthews

Online clothing retailer A&S Labels Pty Ltd, trading as Tiger Mist, has coughed up $26,640 to the Australian Competition and Consumer Commission for allegedly misleading customers about their return rights.

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Jan Cameron to preserve $5.1M in assets while dispute with tax office on foot
Tax 2022-05-12 2:32 pm By Cat Fredenburgh

Former Bellamy’s Australia director Jan Cameron has consented to preserving up to $5.1 million in her Australian assets and not moving them offshore while proceedings she launched against the Australian Taxation Office are on foot.

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Ex-Bellamy’s director Jan Cameron sues to avoid tax on sale of 2.5M shares
Tax 2022-05-11 5:00 pm By Cindy Cameronne

Former Bellamy’s Australia director Jan Cameron has filed proceedings against the Australian Taxation Office to avoid paying capital gains tax on the sale of 2.5 million shares in the organic baby food company 2018.

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