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Data brokers in ACCC’s sights over info harvesting
ACCC 2023-07-10 4:54 pm By Cindy Cameronne Sydney

The Australian Competition and Consumer Commission has set its sights on data brokers such as Equifax and Corelogic amid concerns about harms to consumers from their information collecting practices.

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Monster Energy loses challenge to A&E Television’s trade mark
Davies Collison Cave 2023-07-07 5:42 pm By Gareth Baker Sydney

Monster Energy has lost a trade mark tiff with American broadcaster A&E Television, with IP Australia giving the media company the all-clear to register a mark for its ‘Monster Motor Challenge’ TV series. 

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ACCC takes Secure Parking to court over ‘deceptive’ car spot booking service
ACCC 2023-07-06 5:00 pm By Cindy Cameronne Sydney

The Australian Competition and Consumer Commission has brought proceedings against carpark operator Secure Parking, claiming its duped customers in major cities with its misleading car reservation service.

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Broker Openmarkets pays $4.5M penalty over ‘wash’ trades
ASIC 2023-07-06 2:18 pm By Sam Matthews Melbourne

Retail broker Openmarkets has paid the largest ever penalty handed down by ASIC’s markets disciplinary panel, with the regulator also banning its former trading head for three years.

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Peru sour after failed bid to trade mark pisco
Andrew Fox 2023-07-04 5:07 pm By Gareth Baker Sydney

The government of Peru has appealed a ruling that rejected its bid to trade mark the alcoholic spirit pisco, after an IP Australia delegate found Aussie consumers think of more than Peruvian pisco when they see the name.

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Life insurer Select AFSL, director hit with $13M penalty for unconscionable sales tactics
Anthony Cheshire 2023-07-04 2:48 pm By Cindy Cameronne Sydney

Select AFSL, its related entities and its director have been slapped with $13.6 million in penalties after a judge found that the life insurer used unconscionable phone sales tactics to “wear down” often vulnerable consumers, including migrants and Indigenous communities.

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Subpoenas need only seek relevant, not case-advancing, info: appeals court
ATO 2023-06-30 4:07 pm By Sam Matthews Melbourne

A self-represented litigant locked in a legal battle with the ATO and Commonwealth Director of Public Prosecutions has won an appeal of a decision that set aside nine subpoenas she issued, including one to the Assistant Director of the CDPP, with the appeals court finding that the relevance of the evidence sought was enough to satisfy the application.

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IAL hit with $40M penalty over unpaid NRMA loyalty discounts
ASIC 2023-06-30 4:03 pm By Christine Caulfield

A court has imposed a $40 million penalty on Insurance Australia Limited in a case by the corporate regulator alleging NRMA customers were not paid $60 million in promised loyalty discounts.

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Bruck Textile bigwigs to stand trial on charges over unpaid redundancies
ASIC 2023-06-30 1:25 pm By Gareth Baker Sydney

Executives of collapsed Bruck Textile Technologies have been committed to stand trial on charges alleging they schemed their way out of making more than $3 million in redundancy payments to their 58 employees. 

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Transurban bid for Horizon Roads stake raises competition concerns
ACCC 2023-06-29 11:21 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has expressed concerns that Transurban’s plan to acquire a majority stake in fellow toll road operator Horizon Roads will hinder competition for future toll road projects.

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