The Commonwealth Bank will plead guilty to criminal charges following an ASIC investigation over misleading representations to customers who purchased add-on consumer credit insurance.
The ACCC has called for further public submissions on a proposed acquisition by JBS Australia of a Singapore-owned pig farm and abattoir business after it raised preliminary competition concerns with the $175 million sale.
Members Equity Bank faces a potential multi-million dollar fine if it is found guilty of misleading home loan customers in the first criminal prosecution under the consumer protection provision of the ASIC Act to be tried in the Federal Court.
The Star Entertainment Group has filed court proceedings against the Australian Taxation Office seeking to have interest charges on a tax bill cancelled, saying the ATO acted “unfairly” by not adhering to the terms of a 2001 settlement agreement.
Clive Palmer’s Mineralogy has appealed a ruling tossing a lawsuit it brought against ASIC, which a judge called an “ill-disguised collateral attack” on the regulator for criminal proceedings against the billionaire mining magnate over $12 million in payments made to his political party in 2013.
Assessing claims of privilege involving multidisciplinary firms like PricewaterhouseCoopers that offer legal and accounting services is “inherently awkward”, a court heard on the final day of a hearing in a privilege battle between the accounting firm and the ATO.
A proposed alliance between Qantas and Japan Airlines has failed to take flight after the Australian Competition and Consumer Commission said the coordination of flights between Australia, New Zealand and Japan could cause ticket prices to soar.
The Australian Competition and Consumer Commission is investigating competition concerns about Apple’s refusal to allow third party access to the near-field communication chip that allows iPhone users to make ‘tap and go’ payments through Apple Pay.
An award-winning Gold Coast solicitor and four directors of the Members Alliance and Benchmark group of companies have been charged in connection with the collapse of the property investment group in 2016.
Merck Sharp & Dohme is seeking to overturn a judgment refusing an extension of a patent covering its Januvia and Janumet diabetes drugs that would have seen the US drug maker of retaining a monopoly over the multibillion dollar medicines beyond July 2022.