Regulators

The corporate regulator is pushing for a three-year director ban against former Murray Goulburn managing director Gary Helou and a two-year disqualification order against the dairy cooperative's former chief financial officer over misleading representations about farmgate milk prices five years ago.

The Federal Court's top judge has cautioned ASIC and insurers Allianz and AWP against presenting a "bastardised form of pleading" in the financial watchdog's action over the alleged misleading sale of travel insurance to over 31,000 consumers.

Businesses will face fines for imposing unfair contract terms on consumers and small businesses under expected changes to Australian Consumer Law announced Tuesday.

The funder that backed a class action against McMillan Shakespeare over 'illusory' car warranties, which settled for less than 20 per cent of the $47.6 million claim value, will seek court approval for a 30 per cent cut of the $9.5 million settlement.

The owner of Birds Eye frozen foods has agreed to change its 'Made in Australia' labelling on 31 frozen fish products after the ACCC raised concerns that the products may have breached the Australian Consumer Law's Country of Origin provisions.

The lead applicant in a $47.6 million class action against McMillan Shakespeare over 'illusory' car warranties will seek court approval for a $9.5 million settlement, less than 20 per cent of the claim value.

A former Macquarie Bank financial adviser previously banned for life from providing financial services has been hit with criminal charges.

Home security provider ADT Security has agreed to repay customers after admitting it likely made false or misleading representations by invoicing customers who had already terminated their contracts.

Two former executives of mining giant Rio Tinto accused by ASIC of breaching their directors duties have asked the court to vacate an upcoming trial, after raising concerns that COVID-19 could affect their ability to appear.

The Federal Court has ordered former Tennis Australia director Harold Mitchell to pay a $90,000 penalty after a "narrow" win for ASIC in its case over the domestic broadcast rights to the Australian Open.