Indonesia’s PT Garuda has withdrawn a challenge to a $19 million penalty imposed for its part in a global airline cartel, but the airline has reached an agreement with the ACCC to pay the fine in instalments.
Suncorp subsidiary AAI Limited has been hit with a class action over allegedly misleading add-on insurance sold at car dealerships.
Insurance broker Jardine Lloyd Thompson has lost its bid to shut down a class action brought on behalf of NSW local councils, with a judge finding it was “entirely appropriate” for the case to proceed as a class action.
The Australian Taxation Office has told a judge it would be prepared to “give comfort” to PricewaterhouseCoopers that it will not prosecute the accounting giant for tax offences relating to documents at the centre of a court battle over privilege.
The ACCC has approved accounting software provider MYOB’s acquisition of cloud practice management software provider GreatSoft, reversing its earlier position that the deal could harm competition because the South Africa-based company had the potential to become a strong competitor to MYOB as more accounting firms migrate to the cloud.
Administrators appointed to the Australian arm of supply-chain finance firm Greensill Capital are recommending that creditors, which are owed in excess of $1.75 billion, vote to wind up the company.
The High Court has denied special leave to a group of Queensland taxi drivers seeking compensation from the state for losses allegedly caused by ride sharing services like Uber, in a lawsuit a judge described as “fanciful”.
Telstra has failed in its appeal to the High Court to hear its battle with Melbourne, Sydney and Brisbane over the planned upgrade of its payphone network across Australia.
A judge has slapped a 4WD rental company that made “harsh and unjustified threats” against customers who challenged its decision to retain their security deposits with a $1.2 million fine.
Insurance giant QBE Insurance Australia has launched a COVID-19 business interruption test case in the Federal Court, following a landmark loss for insurers in the NSW Court of Appeal that could cost them $10 billion.