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Trivago hit with $44.7M penalty for ‘highly misleading’ hotel deals
A judge has slapped Trivago with $44.7 million in penalties for a "startlingly misleading" rankings system used on its travel comparison website from which it reaped $53 million.
Westpac slugged with $113M in penalties in six ASIC cases
A judge on Friday slugged Westpac with a $40 million penalty for charging advice fees to over 11,800 dead customers in the last of six cases brought by the corporate regulator, taking the total to be paid by the bank to $113 million.
Judge signs off on $32M in penalties against Westpac
A judge has approved $32 million in penalties against Westpac in two cases brought by the corporate regulator accusing the bank of misleading thousands of “vulnerable” customers about their debts and failing to manage the accounts of deregistered companies.
GM cites force majeure clause in defence to Holden dealers class action
General Motors Holden Australia has denied that it owes compensation to Holden dealers over its decision to retire the iconic brand in Australia, and says its dependence on other GM units to supply the cars constituted "an event beyond its reasonable control".
IOOF unit settles ASIC’s cybersecurity test case
IOOF unit RI Advice has agreed to settle novel proceedings brought by the Australian Securities and Investments Commission claiming it failed to protect its clients against cybersecurity risks.
Commissioner with frequent flyer card won’t recuse himself from Virgin vaccine challenge
Fair Work Commissioner Nick Wilson has dismissed a recusal bid by nine former Virgin employees who argued his frequent flyer membership with the airline meant he was unable to hear their cases.
ASIC suspends Dixon Advisory’s financial services licence
In yet another blow for the embattled wealth manager, the Australian Securities and Investments Commission has suspended Dixon Advisory's financial services licence.
Judge erred in finding AI can be patent inventor, Full Court says
The Full Court has overturned a landmark judgment which found artificial intelligence can be named as an inventor on patent applications, in a decision which brings Australia in line with findings from courts in the UK, US and EU.
Aurizon wins share capital dispute over $4.4B loan during 2010 float
Rail freight operator Aurizon has triumphed in a tax dispute with the ATO, with a court finding that credit for a $4.4 billion loan by the Queensland government made during an initial public offering in 2010 was share capital despite no shares being issued to the state government.
ACCC appeals ruling over Mazda’s ‘appalling’ customer service
The consumer watchdog is challenging a court ruling that found Mazda's treatment of customers with defective vehicles was "appalling" but did not amount to unconscionable conduct.