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Barristers to robe up at home for trial by videochat in ACCC case against Kogan
ACCC 2020-04-01 11:44 am By Miklos Bolza Sydney

Barristers for the ACCC and online retailer Kogan have been asked to robe up at home as the previously in-person trial shifts to videochat in response to the COVID-19 health crisis.

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Over and out: Chief Justice says protocol needed to prevent overtalking in virtual trials
ASIC 2020-03-31 4:20 pm By Miklos Bolza Sydney

The Chief Justice of the Federal Court says a system is needed to ensure parties don’t interrupt one another during virtual hearings, and noted the increase in online hearings brought on by the coronavirus may also free judges up to hear cases outside their registries.

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ACCC approves Bunnings’ takeover of Adelaide Tools
ACCC 2020-03-31 2:25 pm By Cat Fredenburgh Melbourne

The Australian Competition and Consumer Commission has found Bunnings’ $30 million takeover of Adelaide Tools and Oaklands Mower Centre would not substantially lessen competition, but warned it would closely scrutinise future moves that would further cement the hardware giant’s dominant position.

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TasPorts slams ACCC case, says extra fees don’t amount to misuse of market power
ACCC 2020-03-31 12:52 pm By Miklos Bolza Sydney

Tasmanian state-owned ports company TasPorts has admitted to charging additional fees to the owner of a local port, but has denied the ACCC’s allegations that these actions constituted a misuse of market power designed to stymie competition.

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AUSTRAC, Westpac still locked in settlement negotiations, court hears
Allens 2020-03-30 9:51 pm By Alison Eveleigh Sydney

Westpac is still locked in mediation with AUSTRAC over allegations that it committed over 23 million breaches of anti-money laundering and counter-terrorism financing laws, with the bank’s hopes of moving to a penalty hearing in the early part of the year fading.

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ACCC to ease off compulsory exams in response to COVID-19
ACCC 2020-03-27 10:51 pm By Cat Fredenburgh Melbourne

The Australian Competition and Consumer Commission will scale back its use of certain investigatory tools, such as compulsory examinations, amid the strain on Australian businesses from the spread of COVID-19.

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Ex-Storm Financial directors lose appeal, Full Court finds they breached their duties
ASIC 2020-03-27 10:38 pm By Christine Caulfield Melbourne

The former directors of defunct financial advisory firm Storm Financial have failed in their appeal of a ruling that found they breached their duties to eleven vulnerable investors by providing a one-size-fits-all model of investment advice that was inappropriate.

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ACCC allows Rex to coordinate with Qantas, Virgin on regional flights
ACCC 2020-03-27 3:44 pm By Cat Fredenburgh Melbourne

The Australian Competition and Consumer Commission will allow Regional Express to coordinate with Qantas and Virgin on certain regional routines during the coronavirus pandemic.

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Court forces ASIC to delay warning against Mayfair 101 despite COVID 19-stoked investment fears
ASIC 2020-03-26 9:44 pm By Miklos Bolza Sydney

A judge has ordered ASIC to wait 48 hours after making any decision to send a warning notice to investment conglomerate Mayfair 101 before publicly issuing the notice, despite the regulator’s call for urgent action amid the COVID-19 pandemic.

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BHP wins appeal of unfair dismissal finding for worker over sex toy prank
BHP 2020-03-25 4:32 pm By Alison Eveleigh Sydney

BHP has successfully appealed a Fair Work Commission decision that found the mining giant had unfairly dismissed a worker after she placed a sex toy in a co-worker’s baggage at airport security and posed for a revealing photo at work.

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