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‘We have to get this case moving’: Judge orders indictment be filed in ANZ cartel case
ACCC 2020-12-15 12:43 pm By Cat Fredenburgh

The Federal Court judge who is now overseeing a high stakes criminal cartel case against several investment banks and individuals over a $2.5 billion ANZ share placement has ordered that an indictment be filed by February 1, telling the parties “we have to get this case moving” and that he hoped to move the matter to trial “before we all retire”.

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NSW can’t shield docs in ACCC competition case over ports privatisation
ACCC 2020-12-09 5:19 pm By Miklos Bolza

The NSW government cannot assert public immunity over cabinet documents sought in a case brought by the ACCC over an allegedly anti-competitive agreement for the privatisation of Port Botany and Port Kembla.

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Government to introduce legislation requiring Google, Facebook to pay for news
ACCC 2020-12-08 10:10 pm By Cat Fredenburgh

The Federal government will introduce legislation on Wednesday that will require Google and Facebook to pay news publishers to exploit their content and give them a heads up of major changes to search algorithms.

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Prosecutors want former BlueScope exec to go to jail for obstructing cartel investigation
ACCC 2020-12-08 6:03 pm By Miklos Bolza

Crown prosecutors are arguing a former BlueScope executive who has pleaded guilty to obstructing an ACCC price fixing investigation should face jail time for the “objectively serious” conduct.

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Banks plead not guilty as ANZ cartel case heads to trial in Federal Court
ACCC 2020-12-08 3:50 pm By Miklos Bolza

Three banks have been committed to stand trial after pleading not guilty to criminal charges stemming from an alleged cartel agreement reached in a $2.5 billion ANZ share placement, with the closely watched case now moving to the Federal Court two-and-a-half years after it was filed.

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Last stop for ACCC as High Court refuses leave to appeal Pacific National, Aurizon deal
ACCC 2020-12-08 1:34 pm By Christine Caulfield

The ACCC has reached the end of the line in its challenge to Pacific National’s $205 million acquisition of Aurizon’s Acacia Ridge Terminal in Queensland, with the High Court dismissing the competition regulator’s application to take up the appeal.

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Apple to seek stay of Epic Games competition lawsuit
ACCC 2020-12-08 11:16 am By Cat Fredenburgh

Apple wants to stay a competition lawsuit brought by video game developer Epic Games in Australia, claiming a clause in its developer contract requires any dispute between them to be heard in a California court.

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Kogan hit with $350,000 penalty for misleading TAXTIME promotion
ACCC 2020-12-07 1:07 pm By Cat Fredenburgh

Online retailer Kogan has been hit with a $350,000 penalty for misleading customers during its 2018 TAXTIME promotion by offering discounts on products whose prices had been inflated, far short of the $2 million penalty sought by the Australian Competition and Consumer Commission.

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ACCC accuses CFMEU, Hutchinson of boycotting non-union subcontractor
ACCC 2020-12-04 5:09 pm By Cat Fredenburgh

The ACCC has taken legal action against the CFMEU and national builder J Hutchinson for allegedly boycotting an independent subcontractor at a construction site in Brisbane.

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ACCC wins promise from Toyota to step up consumer compliance
ACCC 2020-12-02 3:59 pm By Spencer Fowler Steen

Car giant Toyota, which is facing a class action over allegedly faulty diesel particulate filters in some of its vehicles, has agreed to step up its compliance with consumer laws, including how it communicates with car owners about mechanical issues.

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