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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 ‘distorted’ 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 Suncorp’s banking arm will reduce competition and hurt consumers, saying the watchdog had been asked to believe a “distorted and selective view” 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 product’s normal retail value.

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Hog’s Breath class action ‘can’t be left in abeyance forever’, 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 chain’s bid to toss the case was set back by the second applicant’s poor health. 

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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. 

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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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TPG-backed company seeks quick win in case over alleged scam tied to $1B climate deal
Energy & Natural Resources 2023-05-31 10:14 pm By Gareth Baker

A company backed by private equity giant TPG which was allegedly fooled into paying part of a $1 billion deal to the wrong company wants default judgment in a case against the accused scammer, but a judge has raised doubts about attempts to serve the lawsuit.

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ACCC tells ‘fake local’ florists to get out of town
Competition & Consumer Protection 2023-05-29 11:37 pm By Gareth Baker

The ACCC has brought proceedings against a national flower retailer for allegedly adapting its websites and google ads to deceive online customers into believing they were a local florist. 

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ASIC hits pause on Humm’s buy now, pay later products
Fintech 2023-05-26 3:07 pm By Gareth Baker

The Australian Securities and Investments Commission has hit fintech Humm Group with an interim stop order barring it from issuing buy now, pay later products to new customers.

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Sydney fraudster Melissa Caddick dead, coroner finds
White Collar 2023-05-25 12:35 pm By Sam Matthews

The New South Wales deputy state coroner has concluded that accused conwoman Melissa Caddick is dead, but questions remain about the circumstances of her death.

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