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ASIC acts against misleading Initial Coin Offerings and crypto-asset funds targeted at retail investors

ASIC has taken action to stop several proposed initial coin offerings or token-generation events (together, ICOs), targeting retail investors. 

Telcos on notice about false and misleading advertising

ACCC Chair Rod Sims has put telecommunications companies on notice to ensure their advertising is clear and transparent or face court action from the regulator,...

Leading Australian hearing clinic pays penalties for misleading customers

Australian Hearing Services has paid penalties totalling $37,800 after the ACCC issued three infringement notices alleging the Australian Government owned corporation engaged in false or...

Ugg boot retailer pays penalties for alleged false Australian-made representations

Ozwear Connection (Ozwear) has paid penalties totalling $25,200 after the ACCC issued two infringement notices for alleged false country of origin representations made about its...

ACCC takes action against hearing aid retailers for misleading pensioners

The ACCC has commenced proceedings against hearing aid retailers Oticon Australia Pty Ltd and Sonic Innovations Pty Ltd, alleging that both businesses made false and...

Heinz ordered to pay $2.25 million penalty over misleading health claim

The Federal Court of Australia has ordered H.J. Heinz Company Australia Ltd (Heinz) to pay penalties totalling $2.25 million for making a misleading health claim...

ASIC requires compliance with restrictions on use of ‘independent’

ASIC is continuing to monitor the financial advice industry’s use of restricted terms ‘independent’ and ‘independently owned’, taking steps to intervene when it identifies concerns.

Advertiser groups announce first digital ad practice guidelines

Digital advertising has been given clear direction by the Australian Association of National Advertisers, Interactive Advertising Bureau and Media Federation of Australia, which have united...

Consumers misled on discounts by Alinta Energy

Alinta Energy has undertaken to compensate thousands of Victorians for making misleading electricity price comparisons which the ACCC considered were likely in breach of the...

Final updated guidelines on advertising by wagering operators in NSW

From Monday 2 July 2018, the NSW prohibition on offering any inducement to participate in any gambling activity, including an inducement to open a betting...

Final updated guidelines on advertising by wagering operators in NSW

Wagering company Neds.com.au has been convicted and fined $18,000 for publishing illegal advertising that offered NSW residents inducements to gamble.

Advertising of stem cell therapy prohibited

Autologous HCT products cannot be advertised to consumers from 1 July 2018