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Penalties for breaches of Australian competition and consumer law set to increase
On 18 August 2022, the Commonwealth Government released draft legislation proposing five-fold increases in the maximum penalties that apply to companies …
Fan tokens and cryptoassets: new and fun but not a consumer law free zone in Australia
Businesses marketing cryptoassets to retail buyers should consider exposure to consumer protection laws and advertising regulationTakeaways As …
The ALRC’s proposed “system of conduct offence” – How repeat civil contraventions may have criminal bite
In this briefing we provide a breakdown of what a new “system of conduct” offence could involve and our initial views on implications for corporations in …
Costs of deception – Big fine from Australian watchdog shows need for credible privacy statements
As online booking site HealthEngine faces AUD$2.9m fine, pressure is on businesses to ensure privacy statements have rigourOnline health booking platform …
Directors and ESG disclosure – The risks will only get bigger
With activist investors and NGOs prowling, firms making flimsy ethical claims will increasingly end up in courtIn the context of BlackRock’s climate …
ACCC continues focus on tech and essential services as part of broad ranging priorities
The ACCC’s 2020 enforcement priorities provide an insight into its focus areas and a preview of matters that are likely to develop over the course of …
Federal Government revives its controversial electricity misconduct bill
ACCC’s inquiry into the supply of retail FX services – Final Report
On 2 September 2019, the ACCC released the final report of the ACCC’s inquiry into the supply of foreign currency conversion services (FX services) in …
ACCC’s game changing digital platforms final report: 5 things you need to know
The ACCC is at the forefront of the global debate on the implications and consequences of digital platforms for competition and consumers. In its final …
ACCC Residential Mortgage Price Inquiry Final Report
On 11 December 2018, the Australian Competition and Consumer Commission (ACCC) released its final report into the Residential Mortgage Price Inquiry.1The …
New legislation encourages employers to proactively address historic SG shortfalls
The Minister for Revenue and Financial Services has announced a proposed 12 month Superannuation Guarantee (SG) amnesty to incentivise employers to …
PJC Report on the Life Insurance Industry
The Parliamentary Joint Committee on Corporations and Financial Services has now completed its report on the life insurance industry, recommending …
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