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‘Concerned’ judge wants answers from AMP on remediation program
AMP 2022-08-19 11:05 pm By Cindy Cameronne Sydney

A judge has raised concerns that AMP Financial Planning has not compensated customers for allegedly failing to prevent life insurance churning, directing the firm to explain the “vanishingly small” number of people who have been remediated.

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ACCC flags competition concerns over Qantas acquisition of Alliance Aviation
ACCC 2022-08-18 1:33 pm By Cindy Cameronne Sydney

The ACCC has raised concerns that Qantas’ proposed acquisition of Brisbane-based regional airline Alliance Aviation Services could harm competition in the market for flights for fly-in, fly-out workers.

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FWC throws out finding that Deliveroo driver an employee
Appeals 2022-08-17 3:29 pm By Cindy Cameronne

The Full Bench of the Fair Work Commission has begrudgingly overturned a ruling that found a Deliveroo driver who was axed for not working fast enough was an employee, saying a recent High Court judgment required it to “close our eyes” to the reality of gig economy work.

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AMP to face off against ASIC over penalty for charging dead customers
Article 2022-08-17 12:49 pm By Cat Fredenburgh Melbourne

AMP has admitted ASIC’s allegations that it acted unconscionably in charging life insurance premiums and advice fees to deceased customers, but the wealth manager will go head to head with the regulator over how much it should pay for its contraventions.

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Bingo Industries pleads guilty to price-fixing
ACCC 2022-08-16 11:43 pm By Cindy Cameronne Sydney

Waste company Bingo Industries has pleaded guilty to fixing prices for demolition waste services in Sydney, following an industry-wide investigation by the Australian Competition and Consumer Commission. 

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Money transfer biz director retreats from credibility attack on key witness in cartel case
ACCC 2022-08-16 1:40 pm By Cindy Cameronne Sydney

The director of a money transfer business accused of fixing foreign exchange rates has filed a defence attacking the credibility of the federal prosecutor’s key witness, but his new lawyer says the attack might not be maintained at trial.  

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ANZ denies wrongly hitting customers with cash advance fees
ANZ 2022-08-15 3:19 pm By Sam Matthews Melbourne

The Australia and New Zealand Banking Group has hit back at ASIC proceedings alleging it saddled hundreds of thousands of customers with cash advance fees after providing them with incorrect account balances, saying its customers were “expressly on notice” the fees would be charged.

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Toyota unit faces class action investigation for cheating on emissions tests
ACCC 2022-08-15 12:50 pm By Cat Fredenburgh

Japanese truck maker Hino is facing a class action investigation in Australia after admitting it submitted false data on fuel emissions and fuel economy tests for many of its engine models in Japan.

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Fujifilm’s small business contracts riddled with unfair terms, court finds
ACCC 2022-08-12 12:35 pm By Cindy Cameronne Sydney

Dozens of provisions in Fujifilm’s contracts with thousands of small businesses are unfair and unenforceable, a court declared Friday in a case against the office supply company by the Australian Competition and Consumer Commission.

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Google cops $60M penalty in location data privacy case
ACCC 2022-08-12 11:22 am By Cindy Cameronne Sydney

Google has agreed to pay a $60 million penalty in proceedings brought by the Australian Competition and Consumer Commission alleging the tech giant misled users about the collection and use of their location data.

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