Most of the country’s major financial institutions have still not conducted a systemic review of their fees-for-no-service failures, according to ASIC, which called the delays “unreasonable”.
A surgeon who was considering opening a health clinic in Coffs Harbour, NSW recorded one of the meetings central to the competition watchdog’s action against Ramsay Health, in which alleged anti-competitive threats were made by a CEO of two Ramsay units, a court has heard.
AFT Pharmaceuticals has agreed to a court order temporarily restraining it from distributing point of sale material containing updated claims that its painkiller Maxigesic is more effective than other over-the-counter medications.
The ACCC’s chairman Rod Sims has fired a warning shot across the bows of Australia’s gas suppliers, saying high prices had put businesses at risk and urging them to do more to rectify the situation themselves.
Westpac has followed ASIC’s lead, launching a separate appeal to a ruling that it provided financial advice but not personal advice as part of a campaign encouraging customers to roll over external superannuation accounts.
Google has criticised the ACCC’s proposals for stricter oversight of digital platforms, saying the regulator has not identified any problems that couldn’t be addressed with its current powers, a concern echoed by US-based competition and industry groups, which warned the proposals could harm competition.
The Australian Competititon and Consumer Commission is investigating the proposed $231 million acquisition of Origin Energy’s Ironbark gas project in Queensland to Australia Pacific LNG.
Two rulings Friday keeping alive the common fund order are a ringing endorsement by the courts of the important role that litigation funders play in class actions, experts say, and have paved the way for more funded post-Hayne consumer litigation against banks and other financial services firms this year.
The Australian Competition and Consumer Commission has suspended its timeline for announcing whether it will bless the proposed $15 billion merger of telco giants TPG and Vodafone Hutchison Australia, saying the parties have still not complied with its requests for information.
A judge’s decision imposing damages of over $2.8 million on a Melbourne computer retailer facing an intellectual property lawsuit by Microsoft has been slammed as “regrettable” and a judicial “failure,” in a judgment overturning the ruling.