Life insurer TAL Direct Pty Ltd has agreed to refund 1,200 funeral insurance customers after telling ASIC it violated the terms of their policies by failing to turn off cost of living increases.
The Australian Competition and Consumer Commission will not oppose agricultural giant Bayer AG’s proposed $US66 billion acquisition of rival Monsanto Corporation, after Bayer agreed to divestitures to win approval from the European Commission.
Actor Geoffrey Rush has won a bid to strike down one of Nationwide News’ defences in a defamation case brought by the actor.
Printer cartridge seller Calidad may take its arguments over the exhaustion of patent rights to the High Court, the company told the Federal Court in its challenge to an infringement win for Japanese electronics giant Seiko Epson.
Shuttered online business directory ABG Pages has been slapped with a $300,000 fine after admitting to systemic unconscionable conduct that included refusing to cancel customer contracts and pretending that big businesses advertised on their service.
Magic Circle firm Clifford Chance will represent Rio Tinto as it faces legal action in Australia over allegedly misleading investors about the coal reserves of a Mozambique mining company it acquired for $4 billion in 2011.
Viagogo could calculate from the start of the booking process how much it would charge in booking and handling fees for event tickets, but kept customers in the dark, the ACCC said in a recent court document, rebutting the online ticket reseller’s defense in the consumer regulator’s case.
Internet providers iiNet Limited and Internode Pty Ltd have agreed to compensate customers for promising NBN speeds that they couldn’t deliver, the fifth undertaking the Australian Competition and Consumer Commission has won from companies for making misleading NBN claims.
Australia’s securities regulator will soon have a new mandate – overseeing competition in the financial sector.
H.J. Heinz Company Australia Ltd made misleading claims about the health benefits of its Little Kids Shredz products, the Federal Court said Monday.