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TEG Live Agrees To Refund $5 Million To 5000 Customers Over Misleading Sale of Basketball Tickets

Elise Reid April 7, 2020 No Comments

TEG Live has agreed to issue refunds of more than $5 million to roughly 5000 customers that bought basketball tickets to games held in Sydney and Melbourne in August 2019.…

ACCC Pauses Inquiries Into NBN, Reveals Its Preliminary Recommendations

Elise Reid April 2, 2020 No Comments

The ACCC has announced that it will pause both of its NBN inquiries in order to allow the communications sector to focus on its response to the COVID-19 pandemic. Although…

COVID-19: ACCC Releases Guidelines For Small Businesses Managing Refunds And Cancellations

Elise Reid April 2, 2020 No Comments

The ACCC has issued guidelines to help small businesses understand their rights and obligations under the Australian Consumer Law, given the mass refunds and cancellations caused by the COVID-19 pandemic.…

COVID-19: Medicine Wholesalers Allowed To Cooperate To Facilitate Distribution

Elise Reid March 31, 2020 No Comments

The ACCC has granted wholesalers of medicines interim authorisation to cooperate in order to facilitate the distribution of essential medication and pharmacy products during the COVID-19 pandemic. This follows the…

Banks Coordinate On Relief Package For Commercial Property Landlords That Do Not Evict Tenants

Elise Reid March 31, 2020 No Comments

In response to the COVID-19 pandemic, the ACCC has granted a second interim authorisation for the Australian Banking Association (ABA) and its banks to cooperate on a relief package for…

1300 Australia To Clean Up Unfair Terms And Refund Excessive Fees

Elise Reid March 27, 2020 No Comments

1300 Australia has agreed to amend its current and future contracts to ensure that terms are fair, and will refund part of the termination fees paid by small business customers,…

$40million Bauer Takeover Of Pacific Magazines Gets The Go-Ahead

Elise Reid March 26, 2020 No Comments

Bauer Media has been given the greenlight by the ACCC to acquire Pacific Magazines. The $40 million deal will see Bauer Media, which is part of the Germany-based Bauer Media…

Coles Group Gets Greenlight To Acquire Jewel Fine Foods

Elise Reid March 25, 2020 No Comments

The ACCC has announced it will not oppose Chef Fresh – a subsidiary of Coles Group – acquiring Jewel Fine Foods, which has been in voluntary administration since April 2019.…

No Loan Repayments For Small Business For Six Months

Jake Nelson March 20, 2020 No Comments

Small businesses hit by COVID-19 will be given a six-month deferral on loan repayments. AMP Bank, ANZ, Bank Australia, Bank of Queensland Limited, Bendigo and Adelaide Bank Limited, Commonwealth Bank…

ACCC’s Scamwatch Warns Consumers About New COVID-19 Scams

Elise Reid March 20, 2020 No Comments

The ACCC’s Scamwatch has warned consumers to be wary of scammers taking advantage of fears surrounding COVID-19. Reported scams have included fake online stores selling products that claim to be…