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ACCC asked to investigate Qantas flight redemption scheme
ACCC 2022-04-12 10:43 pm By Sam Matthews Melbourne

The Australian Competition and Consumer Commission has been asked to investigate Qantas’ “unworkable” flight credit redemption scheme, which consumer group Choice says places unreasonable hurdles in the way of travellers trying to get a refund or redeem vouchers.

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‘Most expensive silk in Australia’: ASIC to argue ex-Tennis Australia boss must pay for ‘luxuries’
Aaron Weinstock 2022-04-11 11:14 pm By Christine Caulfield Melbourne

Almost half of the $3 million in legal costs incurred by former Tennis Australia president Steven Healy in successfully defending against the regulator’s case over the broadcast rights to the Open were for “luxuries of litigation” that he should pay for himself, ASIC has told a court.

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Melissa Caddick’s parents say receivers not entitled to Edgecliff home
ASIC 2022-04-11 7:06 pm By Sam Matthews Melbourne

The parents of Sydney fraudster Melissa Caddick have staked their claim over her $2.6 million Edgecliff home, which they say they have lived in since 2017 according to a binding agreement with their daughter.

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Former lead auditor of Big Un charged with making false statement
Accounting 2022-04-11 1:17 pm By Sam Matthews Melbourne

Another auditor has landed in hot water over collapsed video company Big Un’s 2017 independent audit, with the lead accountant charged with making a false or misleading statement.

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Judge hits Westpac unit with $20M penalty over conflicted remuneration
Allens 2022-04-08 10:53 pm By Sam Matthews Melbourne

A judge has signed off on a $20 million penalty against Westpac subsidiary BT Funds Management for improperly charging 9,000 members insurance premiums that included commissions to financial advisers, a practice that was banned in 2013.

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TerraCom continues fight to keep PwC report from ASIC investigators
Appeals 2022-04-08 5:06 pm By Miklos Bolza Sydney

Coal mining firm TerraCom has taken its bid to shield a PricewaterhouseCoopers report from ASIC to the Full Court, appealing a judgment which found the regulator could view the report because of public statements made by the company.

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Smile Direct Club bites back in lawsuit over teeth straightener claims
ACCC 2022-04-07 10:10 pm By Sam Matthews Melbourne

The maker of the popular Invisalign dental aligners may soon face a cross-claim from competitor SmileDirectClub, which it sued for allegedly misleading consumers about the cost and efficacy of its direct-to-consumer teeth alignment kits. 

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Judge signs off on $1.5M penalty against Westpac for unsolicited insurance
Allens 2022-04-07 6:03 pm By Cat Fredenburgh Melbourne

A judge has hit Westpac with a $1.5 million penalty for misleading 141 customers into believing they had purchased add-on insurance.

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PwC can’t ‘rout’ documents through ‘postbox’ lawyer to secure privilege, court finds
Accounting 2022-04-06 5:52 pm By Miklos Bolza Sydney

Advice from non-lawyers and “routed” through a legal practitioner at multidisciplinary partnership PricewaterhouseCoopers cannot be shielded under legal professional privilege, the Federal Court has found.

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‘Bad luck’: Judge denies penniless Captain Cook College’s appeal delay bid
ACCC 2022-04-05 8:59 pm By Sam Matthews Melbourne

A judge has rejected an application by training provider Captain Cook College to postpone the hearing of its appeal in a case won by the ACCC, saying the company’s inability to fund the appeal was “largely a problem of [its] own making.”

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