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Latitude Finance fined $1.55M for spam violations
Financial Services 2022-09-02 1:47 pm By Cat Fredenburgh

Latitude Finance has been hit with a $1.55 million penalty by the Australian Communications and Media Authority for breaching the Spam Act on more than 3 million occasions.

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Mercedes-Benz hit with $12.5M penalty for downplaying Takata airbag recall
ACCC 2022-09-02 12:22 pm By Cat Fredenburgh

Mercedes-Benz has been hit with $12.5 million in penalties for failing to use attention capturing, high impact language when communicating with customers about a compulsory recall of potentially deadly Takata airbags.

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Crown could face $100M fine over blank cheque practices
Crown Resorts 2022-09-01 10:08 pm By Cat Fredenburgh

Crown Resorts could be on the hook for a record $100 million fine after Victoria’s gambling regulator brought new disciplinary proceedings accusing the casino of allowing gamblers to exchange bank or blank cheques for gambling chips.

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AUSTRAC investigates Perth Mint for financial crimes
AUSTRAC 2022-08-30 9:35 pm By Cat Fredenburgh

AUSTRAC has appointed an external auditor to Perth Mint, Australia’s official bullion mint, to assess its compliance with anti-money laundering and counter-terrorism financing laws.

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J Hutchinson, CFMEU fined $1.35M for construction boycott
ACCC 2022-08-30 9:20 pm By Cat Fredenburgh

Builder J Hutchinson and the CFMEU have been fined a combined $1.35 million for entered into an anti-competitive agreement to boycott an independent subcontractor at a construction site in Brisbane.

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On The Run underpayments class action settles for $5.8M
Adero Law 2022-08-29 5:32 pm By Cat Fredenburgh

The entity that employs the workforce of the On The Run convenience store chain has agreed to pay $5.8 million to settle a class action accusing it of underpaying over 8,000 workers over a six-year period.

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Body Fit sued for $3.3M over equipment supply agreement
Contracts 2022-08-29 12:59 pm By Cat Fredenburgh

Aussie group fitness chain Body Fit Training Company has been hit with a $3.2 million lawsuit for allegedly breaching an equipment supply agreement and diverting supplier Gym Imports’ rights as part of the $64.2 million sale of its business to US-based Xponential Fitness last year.

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Inchcape keeps up fight with Chubb over coverage for ransomware attack losses
Appeals 2022-08-26 11:12 pm By Cat Fredenburgh

UK automotive distributor Inchcape has challenged a judgment that put insurer Chubb on the hook for some but not all of the financial losses stemming from a cyberattack that allegedly caused $4 million in loss.

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Victoria can’t quash hotel quarantine class action
Adam Hochroth 2022-08-26 10:51 pm By Cat Fredenburgh

The state of Victoria can’t duck class action claims that failures in its hotel quarantine program caused businesses to suffer losses when stage three and four restrictions were put in place during the state’s second wave of COVID-19 cases in 2020.

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$1.2B bid for Port of Geelong dropped amid ACCC concerns
ACCC 2022-08-26 5:12 am By Cat Fredenburgh

Spirit Super and Palisade Investment Partners have withdrawn their $1.2 billion bid to acquire the Port of Geelong after the ACCC said the deal could substantially lessen competition in Victoria for the supply of bulk cargo port services.

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