A joint parliamentary report released today blasted consumer protections for life insurance as weak, and called for an expansion of consumer protection laws to the life insurance sector and stronger enforcement powers for the Australian Securities and Investments Commission.
Reckitt Benckiser Australia has lost a bid for an interim ban on a commercial by rival Procter & Gamble that claims Fairy Platinum dishwashing detergent is better than RBA’s Finish Quantum detergent, with a judge ruling the scientific evidence backs up the claim.
Corrs Chambers Westgarth has filed a shareholder class action against GetSwift alleging it provided inadequate disclosures and misled investors with its overhyped announcements about business contracts, one month after Squire Patton Boggs brought a similar suit.
ATM provider Cardtronics has agreed to change its small business contract, after the Australia’s consumer regulator found some of the terms of the contract were unfair.
The Fair Work Commission has rejected a call by unions for family-friendly working arrangements but provisionally offered a compromise that would expand the number of employees eligible to negotiate flexible hours.
The Royal Bank of Scotland has agreed to pay $12.58 million to settle a consumer class action brought on behalf of purchasers of its financial products.
Domino’s Pizza has dropped its pursuit of a new enterprise bargaining agreement and will leave employees on the fast food industry award, the company said Monday.
The High Court of Australia has rejected an appeal by the Port of Newcastle to overturn a decision that declared the shipping channel at the port and gave the Australian Competition and Consumer Commission regulatory power to settle access disputes.
The Australian Competition and Consumer Commission will reconsider its approach to penalties for competition law breaches, in the wake of a report that found companies faced substantially lower penalties in Australia than in countries with similar competition regimes.
Telstra could pay as much as $10 million in penalties after admitting it misled customers by billing them for mobile phone apps they unwittingly bought.