The law should be altered to make unfair contract terms illegal, ACCC Chair Rod Sims says, and the regulator plans to use its clout to push for the change.
A consortium led by TransUrban will pay $9.26 billion for a 51 per cent stake in in the WestConnex highway project, one day after the ACCC found the deal would not substantially lessen competition.
Murray Goulburn and its former CEO appear to be nearing a settlement with the consumer watchdog over claims the dairy producer misled farmers in three states about farmgate milk prices.
The ACCC has approved TransUrban’s bid for a majority stake in the WestConnex highway project, after TransUrban agreed to publish toll data to help bidders compete for toll road concessions.
A judge has denied a bid for a strict regime for dealing with confidential information in a lawsuit between cheese giants Fonterra and Bega over alleged violations of the terms of a trade mark licensing agreement.
Power tool seller Husqvarna Australia has entered into a court-enforceable undertaking after admitting it likely misled franchisees when stating that its dealership agreements were not covered by the Franchising Code of Conduct.
A Federal Court judge has criticised Volkswagen for being “uncooperative” in refusing to tell the court who authorised the defeat device at the heart of the auto giant’s diesel emissions cheating scandal.
Letters by law firm Corrs Chambers Westgarth for its client amid a contractual and consumer law dispute between two technology companies has been described by a judge as “bullying” and “threatening”.
The Commonwealth Bank of Australia and other lenders have been warned by the corporate watchdog against a “tick-boxes” approach to reviewing reverse mortgage applications by elderly home owners.
Six major car companies indicated Tuesday they were open to a quick settlement of class actions brought on behalf of potentially hundreds of thousands of Australian drivers whose cars were fitted with defective and deadly Takata airbags.