261-270 of 368 results
Report: National Electricity & Gas Rules Update: August 2018
In this update we track the progress of rule changes during August and also examine the upcoming reforms that will introduce a consumer data right to the energy sector ...
Review into four major banks - money for consultants?
The Parliamentary Economics Committee released its report following its review into Australias four major banks yesterday Our Financial Services Regulation team has a look at the recommendations in this update ...
Court confirms life easier for default interest clauses post-Paciocco
New South Wales Court of Appeal case Arab Bank Australia v Sayde Developments considered the application of penalties doctrine to default interest rate provisions in load agreements post the high court's libera approach to the doctrine in Paciocco v ANZ. ...
Take care with agency arrangements - Flight Centre decision
The High Court has handed down its decsion in the high profile ACCC proceedings against Flight Centre where the organisation competed with airlines in the sale of international airline tickets and attempted to induce three major airlines to enter price-fixing arrangements. ...
The ACCC's Consumer Data Right Rules Framework
In preparation for the implementation of the first phase of the Consumer Data Right CDR on 1 July 2019 and fresh off the consultation period for the Federal Governments draft CDR legislation the Australian Competition and Consumer Commission ACCC released the Consumer Data Right Rules Framework the ...
Federal Court reverses systemic unconscionability finding against vocational education provider
The Full Court of the Federal court of Australia has overturned a decsion of a single judge which held Unique International College had engaged in systemic unconscionable conduct with the supply of online vocational education courses to consumers in NSW. ...
Gift cards sold to Australian consumers must be valid for at least three years
From 1 November 2019 gift cards sold in Australia must be valid for at least three years under new legislation setting out a national framework for their regulation This provides greater certainty for issuers of gift cards who might otherwise have to comply with different state and territory laws ...
Penalties ordered in ACCC cartel action against Cryosite are a strong reminder of rules prohibiting 'gun jumping'
The Federal Court has imposed civil penalties of 105 million on Cryosite Limited for engaging in cartel conduct case as result of 'gun jumping' in a merger. ...
'Fairness in Franchising' report: What you need to know
The Parliamentary Joint Committee on Corporations and Financial Services has completed its inquiry into the operation and effectiveness of the Franchising Code of Conduct the Franchising Code The Committees report recommends 71 wide-ranging recommendations to address perceived power imbalances and ...
Cartel Confessions: the latest Cartel Immunity Policy commences
ACCC's new Cartel Immunity and Corporation Policy which came into effect on 1 October 2019, now excludes concerted practices and requires a higher level of cooperation from parties seeking to obtain cartel immunity. ...