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ACCC allows coordination to address COVID-19 ventilator shortages
The Australian Competition and Consumer Commission has taken swift action to allow medical technology companies to coordinate on supplying ventilators, protective gear and other equipment in high demand due to the coronavirus.
ACCC approves Coles bid for chilled meals company
The Australian Competition and Consumer Commission has approved Coles' planned acquisition of chilled meals supplier Jewel, saying the sale was better for competition than the liquidation of Jewel's assets.
Court to determine Sony Playstation penalty without hearing
A hearing has been vacated in ACCC proceedings brought against Sony alleging it misled gamers who purchased faulty PlayStation games, with any penalty the entertainment company should face to be decided by the court on written submissions alone as it seeks to avoid in-person hearings.
ACCC allows supermarkets to join forces to combat panic buying
The Australian Competition and Consumer Commission has given the go-ahead for supermarkets to work together immediately to ensure consumers have access to fresh food and groceries, after a wave of panic buying lead to product shortages and delivery disruptions across the country.
ASIC to shift regulatory priorities amid pandemic
The Australian Securities and Investments Commission will continue its enforcement activities amid the spread of the coronavirus but will prioritise cracking down on behaviour that threatens "immediate consumer harm".
Coronavirus shuts down ACCC cross-examinations in landmark ANZ cartel case
For the lawyers conducting the committal hearings in the criminal cartel case over ANZ's $2.5 billion equity raising, the Sydney Downing Centre courtroom was already too close for comfort.
Clive Palmer loses second bid to quash criminal charges over resort villa takeover
Billionaire Clive Palmer has lost his appeals court fight to shut down criminal proceedings alleging his resort company breached takeover laws, with three judges saying his claims were untenable.
ACCC says cancellations due to COVID-19 could impact consumer rights
The Australian Competition and Consumer Commission has issued guidelines on consumers' rights to refunds if a flight or event is shuttered due to the coronavirus, saying consumer guarantees could be affected if cancellation are caused by government restrictions.
Societe Generale faces criminal charges over handling of client money
The Australian arm of French investment banking giant Societe Generale is facing four criminal charges for allegedly failing to comply with its obligations to keep client money in separate bank accounts.
‘Serious inadequacies’: AMP units fined $526,000 over derivative transaction reporting
Two units of AMP have paid a $536,000 penalty for failing to report derivative transactions, with the Australian Securities and Investments Commission slamming the company for "serious inadequacies" in its reporting processes.