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Telstra, TPG give up fight over $1.8B network sharing deal
ACCC 2023-08-14 2:47 pm By Christine Caulfield

Telstra and TPG will not challenge a decision by the Australian Competition Tribunal to uphold the ACCC’s rejection of their proposed regional network sharing agreement.

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Dell cops $10M penalty for misleading customers about discounts
ACCC 2023-08-14 1:10 pm By Christine Caulfield

Dell Australia has been ordered to pay a $10 million penalty for making false and misleading representations about the discount prices of add-on computer monitors.

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SkyCity sets aside $45M for AUSTRAC case
AUSTRAC 2023-08-14 12:53 pm By Cat Fredenburgh

SkyCity has set aside $45 million for its legal costs and a possible penalty in AUSTRAC proceedings alleging it allowed $4 billion in suspicious transactions at its casino.

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Ousted partner claims he was defamed by PwC amid tax leaks crisis
Accounting 2023-08-11 11:29 pm By Cindy Cameronne Sydney

A PricewaterhouseCoopers partner may launch defamation proceedings against the professional services firm over two press releases which he says falsely linked him to a tax leaks scandal in an attempt to “offer scapegoats” to the public. 

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Junior doctors win first underpayments class action
Class Actions 2023-08-11 11:15 pm By Sam Matthews Melbourne

Junior doctors have notched an important victory in a class action alleging Peninsula Health failed to pay overtime hours, with a judge finding the healthcare provider liable to pay for overtime that was not expressly authorised.

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ASIC targets Active Super over coal, tobacco holdings
ASIC 2023-08-11 2:19 pm By Sam Matthews Melbourne

Active Super has become the latest target of greenwashing claims by ASIC, with the corporate regulator alleging it misled the market about its responsible investment credentials, including by investing in coal mining, gambling, tobacco and Russian companies.

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In ‘significant’ ruling, CuDeco class action wins access to full KPMG audit report
Accounting 2023-08-11 12:39 pm By Sam Matthews Melbourne

A judge has ordered KPMG to turn over its complete audit files for CuDeco in a shareholder class action against the defunct mining company’s former company directors and the accounting firm over allegedly misleading statements about the value of ore reserves at CuDeco’s Rocklands mines in Queensland.

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AMP sets aside $50M for BOLR class action as it mulls appeal
AMP 2023-08-10 11:56 pm By Christine Caulfield

AMP has set aside $50 million in its financial statement for the first half of 2023 to cover potential liability in a class action won last month by financial advisers over the wealth manager’s buyer of last resort policy.

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ASIC’s latest court action says debt ‘solvers’ anything but
ASIC 2023-08-10 11:08 pm By Cindy Cameronne Sydney

The Australian Securities and Investments Commission has brought legal action against debt management business Solve My Debt Now and its director, alleging customers were usually left in greater debt after using its services.

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Judge rejects latest pleading in plastic surgery class action
Angus Christophersen 2023-08-10 10:31 pm By Cindy Cameronne Sydney

A judge has directed a class action on behalf of 1,000 patients of Sydney-based plastic surgeon Daniel Lanzer and four of his associates to have another go at articulating claims that Lanzer’s clinic should be liable for allegedly ‘horrific’ complications. 

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