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A judge has ordered timeshare company Ultiqa Lifestyle Promotions to pay a $900,000 penalty for cornering consumers into investing thousands in a timeshare scheme that many could not afford.
The corporate regulator has placed interim stop orders on three crypto funds distributed by Holon Investments Australia Limited, citing the need to protect investors from sinking money into funds that may be too risky and speculative.
Defence shipbuilder Austal and its CEO have agreed to pay a combined $700,000 in penalties for violating the Corporations Act by failing to notify the market of a US$90 million writeback related to the company's $3.5 billion US Navy warship program.
Retail Food Group has filed an application to shut down a class action by former franchisees of its Michel's Patisserie chain who claim to have suffered losses stemming from changes to the franchise giant's supply chain in 2015 and 2016.
The founder of beleaguered investment group Mayfair 101, James Mawhinney, has asked the High Court to overturn his own successful Full Court appeal of a decision that saw him banned from soliciting funds or promoting any financial product for 20 years.
US-based mozzarella giant Leprino Foods has succeeded in removing Canadian dairy company Saputo's 'Ascend' trade mark for non-use.
A judge has refused a bid by manufacturer Howden to use an expert report before IP Australia in a dispute accusing rival Minetek of misappropriating confidential information for an industrial fan patent, saying it was “wasteful” when a similar dispute was already before the court.
In a win for the corporate regulator, an appeals court has rejected investment group Mayfair 101’s appeal of a $30M penalty following a judge’s finding that it misled investors about the level of risk of its financial products.
Optus has been hit with a class action-style complaint over a massive data breach that exposed the personal information of up to 1o million current and former customers.
Jim’s Group has paid a $24,420 fine after the Australian Competition and Consumer Commission accused the company of breaching the Franchise Code and misleading a franchisee.