Due to COVID-19, all Australian airports have recorded noticeable drops in their financial performances since 2018-2019 with Sydney and Melbourne airports by far the most negatively affected with both airports profit margins dropping by 48% in 2021-2022.
Read More Airport Finances Impacted by COVID-19
Unfortunately, the data airports are required to submit to the ACCC lack the detail necessary to determine if or how much their natural monopoly is being used – something both the ACCC and airlines have raised as concerns.
The Australian Competition and Consumer Commission (ACCC) has decided not to grant merger authorisation for ANZ Banking Group (ASX:ANZ) to acquire Suncorp Group’s (ASX:SUN) banking arm.
Read More ANZ’s Proposed Suncorp Acquisition Denied by ACCC
“We are not satisfied that the acquisition is not likely to substantially lessen competition in the supply of home loans nationally, small to medium enterprise banking in Queensland, and agribusiness banking in Queensland,” ACCC Deputy Chair Mick Keogh said.
The ACCC has granted interim authorisation for the Australian Energy Market Operator (AEMO) and electricity industry participants in the National Electricity Market to collaborate to ensure reliability of electricity supply during Australia’s transition towards renewable electricity.
Read More Interim Authorisation for Electricity Industry to Coordinate Maintenance
The Australian Competition and Consumer Commission (ACCC) is calling on consumers, businesses and interested stakeholders to provide submissions about data broker services in Australia, as part of its five-year digital platform services inquiry.
Read More ACCC Inquiry Invites Views on Data Broker Industry
The ACCC data shows Australian domestic airline market as a place dominated by Qantas and Virgin, with those two airlines accounting for over 90% of domestic airline travel over the past 3 years. Even with the launch of Bonza and the expansion of Rex to intercity flights, the duopoly of Qantas and Virgin is unlikely to be significantly impacted in the short-term.
Read More ACCC: Australian Domestic Airline Competition at Critical Juncture
Below is a media release (12/04/2023) from the Australian Competition and Consumer Commission (ACCC) regarding current Chair Gina Cass-Gottlieb’s speech to the National Press Club on the need to reform merger laws in Australia. A full transcript of the speech is available from the ACCC’s website here. Australia’s merger laws are no longer fit for…
Read More ACCC: Reform of merger laws critical for Australia’s economic transition
The Consumers’ Federation of Australia (the CFA) has labelled the proposed ANZ-Suncorp merger a “tipping point” in eliminating effective competition among Australia’s banks. In a submission to the Australian Competition & Consumer Commission (the ACCC), the CFA says that if the ANZ-Suncorp merger is approved, there will be no limits on further bank mergers resulting…
Read More Media Release: ANZ-Suncorp merger ‘tipping point’ in eliminating effective competition in banking
The Morrison Government has directed the Australian Competition and Consumer Commission (ACCC) to monitor domestic air passenger services for a period of three years. The Government has consistently said Australia’s national interest is best served through having a sustainable, competitive aviation sector. ACCC monitoring will assist in protecting competition in the domestic passenger airline market,…
Read More ACCC directed to monitor domestic air passenger services
The Consumers’ Federation of Australia has made submissions to the Australian Competition and Consumer Commission (ACCC) responding to authorisation applications from NBN Co, the Australian Energy Council (AEC) and Private Healthcare Australia Limited (PHA). Businesses can seek authorisation from the ACCC where conduct risks breaching competition laws but is in the public interest. While CFA…
Read More CFA responds to COVID19 cooperation proposals from NBN Co, Australian Energy Council and Private Healthcare Australia
The Consumers’ Federation of Australia (CFA), the peak body for consumer groups nationally, has made two submissions to the Australian Competition & Consumer Commission (ACCC) responding to authorisation applications from Australia’s banks and supermarkets. Businesses can seek authorisation from the ACCC where conduct risks breaching competition laws but is in the public interest. More than…
Read More Consumers’ Federation of Australia responds to COVID19 cooperation proposals from banks & supermarkets
Petrol retailers should not use the current pandemic to further increase profits, which the latest ACCC petrol industry report shows have risen in recent years, and should pass on the full benefit of falling oil prices to motorists, the ACCC has said. Weekly average international crude oil prices have decreased by around US$ 50 per barrel since…
Read More Petrol retailers should reduce their prices in line with falls in international petrol prices: ACCC
The United Nations Conference on Trade and Development (UNCTAD) has released the following statement urging competition authorities to use all their tools to combat the adverse consequences of COVID-19 in the markets. Under normal circumstances competition is needed in markets to keep prices low, but with the COVID-19 crisis wreaking havoc on markets the world…
Read More Defending competition in the markets during COVID-19