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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

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

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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Seven refused extension for handing over emails with Ben Roberts-Smith’s lawyers
Arthur Moses 2023-08-11 1:05 pm By Cindy Cameronne

Kerry Stokes and Seven Network have lost their bid for an extension to produce 8,600 emails exchanged between the media company and Ben Roberts-Smith’s lawyers in Fairfax’s bid for costs in defending the defamation case over alleged war crimes 

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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

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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Super fund suing Slater & Gordon looks to join Allegro Funds
Corporate 2023-08-11 11:53 am By Sam Matthews

A self-managed superannuation that has taken Slater & Gordon to court over the acquisition of its shares in the firm by Allegro Funds is seeking to join the private equity firm to the proceeding.

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PwC partner wins lawsuit over forced departure
Company Giles 2023-08-11 10:47 am By Cindy Cameronne

A PricewaterhouseCoopers partner has won his lawsuit against the professional services firm over his forced dismissal, with a judge finding the decision breached a partnership agreement and that the firm had acknowledged the partner did not misuse confidential ATO information.

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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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