What will be the legacy of the Hayne Royal Commission?

What will be the legacy of the Hayne Royal Commission?

The Hayne Royal Commission into the banking and financial services industry uncovered plenty of ugliness about Australia's leading financial institutions. The institutions themselves are still dealing with the fallout of the Royal Commission; class actions, board spills, and "restructure" plans are abound this year. What...

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How to evaluate your accident or injury case

How to evaluate your accident or injury case

One of the first questions asked of accident and injury compensation lawyers is "what is the value of my claim?".  It is a fair question, and one that should be answered at the beginning of any compensation claim process. However, every case is different and there are a lot of variables to evaluate in an accident or inj...

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ACCC: Facebook and Google's power distorts companies' ability to compete

ACCC: Facebook and Google's power distorts companies' ability to compete

The long-awaited Australian Competition and Consumer Commission (ACCC) report into the out-of-control growth and dominance of digital platforms has been released today, with the watchdog critical of giants Facebook and Google. The overarching theme of the report can be distilled into the ACCC not trusting the platforms to self-regulate, w...

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M&As a hotbed for hackers and cybercriminals

M&As a hotbed for hackers and cybercriminals

With breaches of cybersecurity now one of the most looming threats for the sustainability of most Australian businesses, many are wondering how best to protect their operations. Simple things like regularly changing passwords and ensuring absolutely everybody changes them can go a mile towards strong cybersecurity Just see the case o...

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Wattle Health launches legal action against Indian importer

Wattle Health launches legal action against Indian importer

Organic infant food producer Wattle Health (ASX: WHA) has initiated legal action against an Indian importer for money owed. Wattle Health alleges baby food importer Vasudevan and Sons Exim Private (VSEP) has not provided the full bank guarantee to Wattle Health as required under a supply agreement. The pair entered into a supply agree...

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Aged care provider Estia Health taken to Federal Court in class action

Aged care provider Estia Health taken to Federal Court in class action

Aged care community operator Estia Health (ASX: EHE) has been served with a class action in the Federal Court of Australia. Law firm Phi Finney McDonald is acting on behalf of aggrieved shareholders, arguing Estia breached its continuous market disclosure obligations regarding the financial impact of its Kennedy Health Care (KHC) buyout. ...

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ASIC slams banks for "extremely poor" consumer credit insurance

ASIC slams banks for "extremely poor" consumer credit insurance

Australia's major banks have come under fire from the Australian Securities and Investment Commission (ASIC) for the sale of consumer credit insurance (CCI) that has "consistently failed consumers". In its latest report on CCI, Report #622, ASIC says that CCI products sold by 11 of Australia's major banks are of poor val...

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Michael Hill announces bumper backpay for employees

Michael Hill announces bumper backpay for employees

Jewellery retailer Michael Hill (ASX: MHJ) has announced that it owes employees between $10 million and $25 million in remediation payments. The group discovered this remuneration discrepancy when conducting a review into its Australian retail employment contracts and rostering practices. The company says it was non-compliant with som...

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Dodo slammed with fine for false streaming claim

Dodo slammed with fine for false streaming claim

Internet service provider (ISP) Dodo has been hit with a $360,000 fine for overstating what its NBN service could achieve. The company, wholly owned by Vocus Group (ASX: VOC), has agreed to refund around 16,000 customers for claims that its entry-level NBN broadband plans were 'perfect for streaming'. The plans in question wer...

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Murray Goulburn settles one of two class actions for $42 million

Murray Goulburn settles one of two class actions for $42 million

Murray Goulburn (ASX: MGC) has settled one of its class actions, known as the Endeavour River class action, for $42 million. Slater and Gordon launched the suit on 16 August 2018, acting on behalf of aggrieved Murray Goulburn shareholders who the firm argued suffered losses at the hands of misleading and deceptive conduct. The key all...

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Australian Family Lawyers heads north with first acquisition since listing

Australian Family Lawyers heads north with first acquisition since listing

Australian Family Lawyers (ASX: AFL) is going full throttle as a listed law firm, notching its first acquisition since listing on the ASX in early June. The company has acquired Nita Stratton Funk & Associates Solicitors, marking its foray into the Queensland legal market. AFL will pay $300,000 in cash for the Queensland firm, whi...

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Uber comes out on top in Fair Work investigation

Uber comes out on top in Fair Work investigation

The results of an investigation conducted by the Fair Work Ombudsman is sure to have Uber smiling, with the watchdog confirming that Uber is not an "employer" in the traditional sense. The investigation was launched to determine whether Uber's Australian operations could be considered as that of an employer, the natural resu...

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ASIC charges former Octaviar CFO with fraud

ASIC charges former Octaviar CFO with fraud

Just two years after he was banned from managing a corporation and ordered to pay $205 million to aggrieved shareholders in a failed fund, former Octaviar CFO David Anderson has been charged with 26 counts of fraud. As a publicly listed company with interests in the financial services, travel, leisure and childcare sectors, Gold Coas...

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GetSwift shares back on deck after trading lockdown

GetSwift shares back on deck after trading lockdown

A clarification has seen GetSwift shares fall back down to earth by more than 10 per cent in afternoon trading.  Shares in GetSwift (ASX: GSW) are trading once more after the logistics group responded to ASX concerns over an undisclosed partnership with a Kuwaiti fast food company. Trading was suspended for the embattled tec...

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Smiles Inclusive threatens legal action over former CEO's "destructive" campaign

Smiles Inclusive threatens legal action over former CEO's "destructive" campaign

The board of Smiles Inclusive has threatened to take founder and former CEO Mike Timoney (pictured) to court over his campaign to undermine the results of last week's extraordinary general meeting (EGM). Gold Coast-based Smiles announced this morning it had received a notice from Timoney stating an intention to convene another EGM see...

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Smiles Inclusive shareholders vote former chairman and founder off the board

Smiles Inclusive shareholders vote former chairman and founder off the board

The shareholders of Gold Coast-based dental company Smiles Inclusive (ASX: SIL) have had their say in the future of the company's board. Founder and former CEO Mike Timoney (pictured) and ex-chairman David Herlihy have been removed by shareholders at the company's extraordinary general meeting held Wednesday afternoon. Over 64...

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TPG and Vodafone to file legal action against ACCC

TPG and Vodafone to file legal action against ACCC

Following the Australian Competition and Consumer Commission's ('ACCC') decision to oppose the $15 billion merger between Vodafone (ASX: HTA) and TPG (ASX: TPM) both telcos have committed to taking on the watchdog in court. In an ASX statement late yesterday afternoon TPG says that it intends on challenging the watchdog's ...

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ACCC opposes Vodafone and TPG merger

ACCC opposes Vodafone and TPG merger

The Australian Competition and Consumer Commission ('ACCC') has announced that it will block the merger between telecommunications giants TPG Telecom (ASX: TPM) and Vodafone (ASX: HTA), saying the merger would lessen competition.  The consumer watchdog inadvertently published a statement online this afternoon stating that the...

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Retail Food Group backflips on use-by date extensions

Retail Food Group backflips on use-by date extensions

Following an exposé by The Sydney Morning Herald the parent company behind Michel's Patisserie has backflipped on its internal decision to extend use-by dates on food products. As reported by The SMH Retail Food Group (ASX: RFG) instructed Michel's franchisees to ignore expiry dates on packaging and adopt new shelf-life dat...

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Financial impact of LandMark White cyber attack revealed

Financial impact of LandMark White cyber attack revealed

The data beach of listed property valuation group LandMark White has hurt the company's revenue by up to $7 million. The company has revealed today the full extent of the breach on the group's bottom line, plus the significant cost of making sure this type of cyber-attack does not happen again. The company says the breach, whi...

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Taxi drivers take on Uber in large scale class action

Taxi drivers take on Uber in large scale class action

It might be the biggest class action Australia has ever seen as Maurice Blackburn gears up to take on ride-sharing giant Uber. The law firm is acting on behalf of thousands of taxi, hire car, charger vehicle, and limousine drivers across the country to "hold Uber accountable for destroying their livelihoods". The case has be...

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How to protect your business from the threat of e-fraud

How to protect your business from the threat of e-fraud

Cash flow is the life blood of any business, but managing it can be difficult. According to Westpac and Deloitte, small businesses in Australia are spending up to one working day every week chasing invoices that's a lot of time. During that tunnel-vision slog, where business owners become buried headfirst in processes and manageme...

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Australian businesses lose $7.2 million from email scams in 2018

Australian businesses lose $7.2 million from email scams in 2018

Email scams hit Australian businesses more than 5800 times in 2018, with losses exceeding $7.2 million according to the Australian Competition and Consumer Commission ('ACCC'). The ACCC's Targeting Scams report details how sophisticated email scams hit Australian businesses at a 53 per cent increase compared to 2017. This ...

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Smiles Inclusive takes founder Mike Timoney to court

Smiles Inclusive takes founder Mike Timoney to court

Divided dental company Smiles Inclusive (ASX: SIL) has commenced legal proceedings against beleaguered founder Mike Timoney (pictured) alleging serious misconduct and breaches of the law. The action follows the substantial completion of an interim investigation into the conduct of the ousted former CEO who remains on the board along with ...

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ACCC takes Bupa to court for allegedly rorting elderly residents of thousands of dollars

ACCC takes Bupa to court for allegedly rorting elderly residents of thousands of dollars

Bupa has come under fire from the Australian Competition and Consumer Commission (ACCC) for allegedly charging elderly residents thousands of dollars for services they never provided. The ACCC says Bupa Aged Care Australia made false or misleading representations to its aged care residents in 21 homes about services it did not provide or ...

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ACCC takes iSelect to court over its allegedly misleading comparison tool

ACCC takes iSelect to court over its allegedly misleading comparison tool

Comparison service iSelect has wound up in court after the Australian Competition and Consumer Commission (ACCC) alleged that its energy plan comparison service was misleading. The watchdog alleges that since November 2016 iSelect has claimed consumers using its website would benefit from iSelect comparing all plans available from its par...

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Zuckerberg calls for more regulation over the Internet

Zuckerberg calls for more regulation over the Internet

Facebook has clearly grown bigger than founder Mark Zuckerberg ever imagined. In just a few short years he's gone from Silicon Valley darling to the scapegoat for the world's ills. He copped the brunt of the blame for Brexit and Trump, and more recently has received a fair share of criticism for Facebook's handling of the ...

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ACCC gives IPH acquisition of Xenith the green light

ACCC gives IPH acquisition of Xenith the green light

The likelihood of an intellectual property giant materialising in Australia is edging closer after the Australian Competition and Consumer Commission (ACCC) delivered its blessing. Though shareholders have the option of choosing who IP firm Xenith will partner up with, the ACCC has said that it will not oppose IPH Limited's proposed a...

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Slater & Gordon slated over "We win cases like yours"

Slater & Gordon slated over "We win cases like yours"

Eaglegate Lawyers principal Nicole Murdoch has no objection to one of two recent trademark applications Slater & Gordon (ASX: SGH) has made with IP Australia. The mark reads "Slater + Gordon. We win cases like yours", and that's fair enough according to Murdoch. After all, it would make no sense for any law firm to ...

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Xenith rebuffs IPH takeover bid

Xenith rebuffs IPH takeover bid

The board of intellectual property company Xenith (ASX: XIP) is not impressed by a 9 per cent lift in IPH's (ASX: IPH) takeover offer, and will press on with another merger in the works.  In an announcement today the group concluded IPH had not presented a superior offer to the merger deal underway with QANTM Intel...

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