Month: June 2013

Taxing time

June 28, 2013 | 0 Comments

In the lead up to the end of the financial year, the ACCC has instituted proceedings against Taxsmart Group Pty Ltd, Taxsmart Franchising Pty Ltd and Resultsmart Pty Ltd (Taxsmart) alleging that it published false...

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NYSE Euronext ex-changes hands

June 28, 2013 | 0 Comments

The European Commission has approved IntercontinentalExchange’s (ICE) acquisition of NYSE Euronext for $8.2 billion in the biggest financial exchange merger since NYSE Euronext and Deutsche Börse’s $10 billion failed merger in 2011. In a statement...

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Watch the way you display

June 27, 2013 | 1 Comments

In the first infringement notice issued to a publicly listed company, iiNet has been fined $102,000 in relation to the relative prominence of the monthly price and total minimum price in its “Naked DSL” advertisements...

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Not so nonchalant after fine!

June 26, 2013 | 1 Comments

After beginning her reasons for judgment by stating that “[a]t the very least, the Respondent, Nonchalant Pty Ltd (ACN 154 042 903), has behaved as its name suggest – nonchalantly”, Justice Gordon ordered Nonchalant Pty...

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Closing time

June 24, 2013 | 0 Comments

Given our previous posts on the topic you would be forgiven for thinking we have a particular interest in Corona sales. Rather, the AB InBev / Grupo Modelo merger has been instructive both in terms...

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LIBOR update

June 21, 2013 | 0 Comments

In today’s issue of our quarterly newsletter Regulator, Greg Golding and Andris Gauja have written an update on the snowballing LIBOR scandal, looking at the penalties imposed, the possibility of class actions and ongoing financial...

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Sharing is caring

June 21, 2013 | 1 Comments

In its consideration of the latest in a string of authorisation applications made in the medical industry to collectively bargain on fee arrangements, the ACCC has proposed not to authorise fee arrangements by ophthalmologists.  In...

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Wein’s World of Franchising

June 18, 2013 | 1 Comments

A recent report commissioned by the Federal Government has found that the franchise sector in Australia operates well and that the Franchising Code of Conduct (‘Code’) is generally working in practice. In early May Gary...

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In one of the first decisions since the commencement of the ACCC’s streamlined assessment for single supermarket acquisitions (“Protocol”) (blogged about here), the ACCC has decided to oppose Woolworth’s acquisition of an undeveloped  supermarket site...

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ACCC blocks Heinz acquisition of Rafferty's

Baby food deal blitzed

June 13, 2013 | 0 Comments

In February we reported on the ACCC’s concerns with the proposed acquisition by Heinz of local infant food producer Rafferty’s Garden, which would see the merger of the top two suppliers, resulting in a market...

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