Australia's work health and safety (WHS) regulator Safe Work Australia is to consider a proposal to prohibit company directors from claiming an indemnity if charged with a criminal offence under WHS laws, following an increase in the number of companies taking out insurance policies that extend to criminal conduct.
The New Zealand (NZ) Commerce Commission has announced that plastic bag manufacturer Eco-Pal Ltd (Eco-Pal) has been fined NZ$60,000 for making misleading claims about the environmental friendliness of one of its product ranges.
The New Zealand (NZ) Commerce Commission has announced that rubbish bag manufacturer Eco-Pal Ltd (Eco-Pal) has been fined NZ$60,000 for making misleading claims about the environmental friendliness of one of its product ranges.
Australian Small Business Minister Bruce Billson has announced a number of actions that the federal government will take in response to the findings (July 2013) of a Commonwealth Consumer Affairs Advisory Council (CCAAC) study on credit card surcharges and non-transparent transaction fees.
The New Zealand (NZ) Commerce Commission has made available a settlement agreement (6 November 2013) under which debt recovery services provider Baycorp (NZ) Ltd's (Baycorp) has agreed to refund or reduce the account balances of debtors by a total of NZ$3.5 million to resolve allegations that it breached s. 13(i) of the Fair Trading Act 1986 No. 121 (NZ).
The Australian Competition and Consumer Commission (ACCC) has announced the Federal Court of Australia has made orders against poultry providers in two separate matters, both relating to potentially false and misleading and/or deceptive packaging and promotion.
Business Council of Australian (BCA) president Tony Shepherd has written (4 November 2013) to BCA member company chief executive officers (CEOs), advising them of the publication of the report Increasing the Number of Women in Senior Executive Positions - Improving Recruitment, Selection and Retention Practices (November 2013) as part of the BCA's Action Plan for Enduring Prosperity.
The Australian Securities and Investments Commission (ASIC) has announced that ABN AMRO Clearing Sydney Pty Ltd's (ABN AMRO) has paid a A$130,000 penalty in relation to a third-party failure in ABN AMRO's automated order processing system.
The Australian Securities and Investments Commission (ASIC) has announced that national rental goods provider Rent The Roo Pty Ltd (RTR) has paid a A$27,500 penalty after being issued with an infringement notice for a breach of responsible lending provisions under the National Consumer Credit Protection Act 2009 No. 134 (Cth) (the Act). ASIC stated that it had been "particularly concerned" because RTR regularly dealt with certain types of more vulnerable customers.
Japan-based Mizuho Financial Group Inc (MHFG) has announced the retirement of its managing director, its executive officer and its subsidiary Mizuho Bank Ltd's (Mizuho) chairperson, and numerous penalties for MHFG and Mizuho senior management personnel and executive officers following its receipt of the findings of an independent investigation into Mizuho's lending practices in relation to organised crime syndicates known as yakuza and referred to as "anti-social forces" or "elements".
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