Page 52 - Consumer Act News Today

ACCC green-lights NAB’s $1bn sale of MLC By Sarah Buckley 18 December 2020 NAB’s $1-billion sale of MLC Wealth to IOOF is set to go ahead after the competition commission said it would not oppose it. The National Australia Bank’s (NAB) sale of MLC Wealth Management to The Independent Order of Odd Fellows (IOOF) in September 2020 has progre...

Anti-Dumping Commission Key issues for new entrants to consider An onshore importer or supplier of goods manufactured offshore can become directly liable for loss and damage suffered in Australia as the deemed manufacturer of those goods. Knowledge of how this can occur assists in: Ensuring onshore entities are structured appropriately, to minimise risk; and, Avoiding the onshore importer or supplier becoming deemed as the manufacturer for the purposes of liability. The use of a corporate entit...

To print this article, all you need is to be registered or login on Mondaq.com. In brief - Court states skiing is a dangerous recreational activity within the meaning of the CLA In the case of Castle v Perisher Blue Pty Limited, the Court established that the plaintiff suffered injury as a result of the negligence of an employee of Perisher who was vicariously liable. However, Perisher successfully relied on the dangerous recreational activity defence contained in secti...

Email Alerts for: The ACCC has given the green light to IOOF’s (ASX:IFL) proposed acquisition of MLC Wealth Management. The competition watchdog says that while IOOF and MLC both supply wealth management solutions in Australia feedback from customers financial advisers and other industry participants suggested that this deal would not be likely to substantially lessen competition. The ACCC’s review indicated that, post-acquisition, IOOF would be competing with and constrained by seve...

To print this article, all you need is to be registered or login on Mondaq.com. Ever wanted an ice-cream other than Peters "Drumstick", "Maxibon", "Connoisseur", "Frosty Fruits" or "Billabong", at your local Woolworths Petrol, BP, Coles Express, United and Caltex service stations, and wondered why you cant find an alternative? Well a recent investigation by the ACCC may shed some light on why consumer options may have been limited and why may consumers have more options ...

To print this article, all you need is to be registered or login on Mondaq.com. The federal government recently released an exposure draft proposing numerous changes to the Franchising Code of Conduct ( Code). The proposed changes are in response to the Parliamentary Joint Committees Fairness in Franchising Report and seek to improve protections for, and information available to, franchisees. If enacted, the Code will rebalance franchise arrangements in favour of the fra...

In the media Australia makes top 10 for real estate investment Australia just became one of the top ten countries to buy real estate with inbound investments to increase sharply in 2021 (04 November 2020).  More... Office outlook optimistic for 2021 There is likely to be “no major demise” to the global office sector, despite remote working arrangements, with higher rental incentives expected in CBD offices, according to a global survey by Savills Investment Management (04 December 2020). ...