In a recent consent decision handed down by the Federal Court, eight terms in a JJ Richards & Sons Pty Ltd standard form contract used to contract with small businesses were declared unfair and void.
The Financial Ombudsman Service Australia (FOS) deals with a range of disputes including banking, credit, loans, insurance and financial planning.
The Australian Competition and Consumer Commission (ACCC) alleged that Woolworths engaged in unconscionable conduct within the meaning of the Australian Consumer Law when it designed and implemented its Mind the Gap scheme in 2014.
In late December 2016, the Federal Court gifted Valve Corporation an unwanted Christmas present by imposing a $3 million penalty for misrepresenting consumer refund rights.
In 2012, the ACCC commenced proceedings for the recovery of pecuniary penalties against Flight Centre, alleging that between 19 August 2005 and 16 May 2009 it had breached section 45(2)(ii) of the Trade Practices Act (the Act).
In a recent determination, the Financial Ombudsman Service (FOS) reduced the liability of a co-borrower who received no ‘real’ benefit from the loan.
Queensland’s Attorney-General, Yvette D’Ath, has today announced that the government will proceed with long-awaited class action reforms.
The Federal Court has found that foreign corporations can be found to have engaged in misleading or deceptive conduct when supplying goods or services to Australian consumers.
Small businesses, and those that deal with them, will soon have to review all of their standard commercial arrangements to ensure their terms are not unfair.
The Full Court of the Federal Court has upheld an appeal by Flight Centre against findings that it attempted to induce price fixing arrangements, and ordered that the penalty of $11 million be set aside.
The Full Court of the Federal Court has delivered another twist in one of Australia’s largest class actions, overturning the decision of the primary judge that some of ANZ’s bank fees were void for being penalties.
The Corporations Act 2001 (Cth) imposes a liability on financial advisers who engage in misleading and deceptive conduct to compensate a person who suffers loss by that conduct.