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White Island volcano victims win court OK to pause Aussie suits
Carroll & O'Dea 2023-06-19 11:58 pm By Gareth Baker

A judge has granted victims of the New Zealand White Island volcano eruption the right to freeze their Australian claims so they can sue cruise operator Royal Carribean in the US state of Florida.Ā 

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Full Court won’t weigh in on ASIC’s power to seek penalties for Credit Code violations
Financial Services 2023-06-15 10:00 pm By Gareth Baker

Sunshine Loans has lost its bid to have the Full Court weigh in on ASICā€™s authority to seek penalties for Credit Code violations, in proceedings accusing the online lender of charging over $320,000 in prohibited fees.Ā 

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Facebook agrees to $20M penalty in ACCC case over data privacy app
Competition & Consumer Protection 2023-06-14 11:37 pm By Gareth Baker

Facebook has agreed to pay a $20 million penalty for misleading consumers by representing that its discontinued Onavo Protect mobile app would keep usersā€™ personal activity data private, when in fact it was being collected for commercial use.

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KPMG admits ‘painful’ mistakes, condemns PwC scandal
Accounting 2023-06-07 11:06 pm By Cindy Cameronne

Executives from KPMG have condemned the PwC tax breach scandal as ā€˜disturbingā€™ and admitted past mistakes after the firm was rocked by an exam cheating scandal.

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CBA hit with $3.55M penalty for ‘alarming’ spam breaches
CBA 2023-06-07 4:58 pm By Gareth Baker

Commonwealth Bank of Australia has copped a record $3.55 million penalty for breaching spam laws after it sent more than 65 million emails without an easy way for individuals to unsubscribe.

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ANZ lashes rival’s ā€˜distortedā€™ arguments in final push for $4.9B Suncorp deal
Competition & Consumer Protection 2023-06-07 5:05 pm By Gareth Baker

ANZ has rubbished arguments from a competitor and the ACCC that its merger with Suncorpā€™s banking arm will reduce competition and hurt consumers, saying the watchdog had been asked to believe a ā€œdistorted and selective viewā€ of the proposal.

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Dell admits duping customers about price of add-on monitors, says sorry
Competition & Consumer Protection 2023-06-06 3:14 pm By Gareth Baker

Dell Australia has apologised to consumers and admitted misleading those who purchased add-on computer monitors by inflating the pre-discount price, sometimes to more than the productā€™s normal retail value.

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Hogā€™s Breath class action ā€˜canā€™t be left in abeyance foreverā€™, judge says
Class Actions 2023-06-05 4:22 pm By Gareth Baker

A judge has warned against a franchisee class action against Hogs Breath Cafe Australia remaining in limbo after the restaurant chainā€™s bid to toss the case was set back by the second applicantā€™s poor health.Ā 

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ASIC hits Melbourne CFD broker with interim stop order
ASIC 2023-06-02 10:01 pm By Gareth Baker

ASIC has issued an interim stop order barring a Melbourne-based investment broker from opening trading accounts or dealing in contracts for difference or margin foreign exchange contracts to retail investors.Ā 

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Tax regulator says PwC has declined to name nine partners placed on leave
Tax 2023-05-31 9:49 pm By Sam Matthews

The Tax Practitioners Board says that PricewaterhouseCoopers ignored its request for the names of nine partners put on leave in the wake of the tax leak scandal that has rocked the firm, with the regulator saying former executive Peter Collins was not the only partner who misused confidential information.

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