Treasury’s Competition Review is inviting public submissions to its issues paper on non-compete and related clauses in employment contracts that limit what a worker can do, both during employment and when they stop working for a business including non-compete, non-solicitation
In Australian Competition and Consumer Commission v Master Wealth Control Pty Ltd [2024] FCA 344 the Federal Court of Australia decided that DG Institute breached the Australian Consumer Law by making false or misleading representations to consumers about two courses
In Australian Securities and Investments Commission v Lanterne Fund Services Pty Limited [2024] FCA 353 the Federal Court fined Lanterne $1.25 million after it admitted to contraventions of its obligations as an Australian Financial Services Licensee under sections 912A(1)(a), (ca),
The Australian Government has issued a merger reform paper with proposals intending to make Australia’s merger control system stronger, simpler, targeted, faster and transparent.
The new merger control system will apply from 1 January 2026.
A merger can occur when
From 15 April 2024, the Australian Postal Corporation (Performance Standards) Regulations 2019 have been amended so that:
The Parliamentary Joint Committee on Corporations and Financial Services is conducting an inquiry into the financial services regulatory framework in relation to financial abuse.
The committee will examine the prevalence and impact of financial abuse, including the approaches taken by
The Government has introduced into Parliament the Treasury Laws Amendment (Financial Markets Infrastructure and Other Measures) Bill 2024 which includes requirements for entities that lodge financial reports under the Corporations Act, and that meet minimum size thresholds, to make climate-related
The Government has introduced the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024 has been introduced into the House of Representatives. Schedule 1 of the Bill includes amendments to the Corporations Act and the Superannuation Industry
In Australian Securities and Investments Commission v Vanguard Investments Australia Ltd [2024] FCA 308 the Federal Court of Australia found Vanguard Investments Australia contravened section 12DF(1) of the ASIC Act when it made false or misleading representations about the ESG
The ACCC has announced that HSBC Bank Australia Limited (HSBC) has paid penalties totalling $33,000 after the ACCC issued it with two infringement notices for alleged contraventions of the Consumer Data Right (CDR) rules.
The infringement notices related to alleged