Embattled wealth advisor Dixon Advisory has filed for administration, saying its potential liability in two class actions and a $7.2 million penalty it agreed to pay in ASIC proceedings mean it is likely to become insolvent in the future.
A class action against franchise giant Retail Food Group wants to head off any challenge to its funding agreement with a court order that the financing arrangement is exempt from controversial regulations requiring group proceedings to be run as managed investment schemes.
The Australian Competition and Consumer Commission is working with the Australian Federal Police to combat price gouging over the sale of COVID-19 rapid antigen tests.
The ACCC will seek a higher penalty against Employsure over misleading Google advertisements, after a judge found the consumer regulator’s proposed $5 million penalty was inappropriate and instead ordered the specialist workplace relations consultancy to pay $1 million.
Energy retailer CovaU has been hit with $33,300 in penalties by the Australian Competition and Consumer Commission over its alleged failure to provide consumers with a percentage price comparison for its residential electricity plans.
Bayer has lost its bid to redact the names and contact details of potential group members from discovered documents in a Slater & Gordon-led class action over the drug maker’s Essure contraceptive device.
Perth-based funeral services provider Bowra & O’Dea has paid $26,640 in penalties for allegedly failing to disclose certain unavoidable costs when advertising rates for its funeral and cremation services.
Superannuation provider Statewide Super has been ordered to pay a $4 million penalty for an administrative error that saw around 12,500 fund members charged for insurance they did not receive.
The maker of the popular Invisalign dental aligners has sued competitor SmileDirectClub for allegedly misleading consumers about the cost and efficacy of its direct-to-consumer teeth alignment kits.
A Sydney-based food distributor and retailer has agreed to pay over $26,000 in penalties for allegedly making false claims that its Chef’s Choice branded vanilla essence contained “pure” vanilla extract.