Competition

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“The NBN is a critical piece of national infrastructure that is central to Australia’s digital economy. Every day, millions of Australians use the NBN for work, commerce, education and entertainment,” ACCC Commissioner Anna Brakey said.
“We are satisfied that NBN Co’s latest SAU variation proposal promotes the long-term interests of Australians, which is the primary objective of the test that we have to apply,” Ms Brakey said.

Read More ACCC Accepts New NBN Regulation

Ian Jarratt of the Queensland Consumers Association in a supermarket with unit price labels in the background

The latest edition of the Queensland Consumers Association’s (QCA) newsletter Unit Pricing Global Update (found here) contains information about unit pricing in several countries including in: QCA spokesperson, Ian Jarratt says that in Canada the Competition Bureau and the parliamentary committee’s recommendations on grocery unit pricing are important not only for consumers in Canada (where…

Read More Global Update on Unit Pricing

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On the 23rd of August, Treasury announced the creation of the Competition Taskforce as part of the 2 year long Competition Policy Review. The purpose of the Review and its Taskforce is to examine the current competition laws, policies and institutions, and determine reforms in those areas to further boost productivity.

Read More Competition Taskforce Established as Treasury Stresses Importance of Competition to the Economy

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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.
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.

Read More Airport Finances Impacted by COVID-19

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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.
“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.

Read More ANZ’s Proposed Suncorp Acquisition Denied by ACCC

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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