Competition

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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

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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

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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

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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

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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

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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

and hand pumping hand sanitiser from a bottle and hand pumping hand sanitiser from a bottle

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

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Labor will make the Australian economy fairer and more competitive by raising the penalties for competition and consumer breaches to levels in line with other advanced nations. In recent years, the Australian Competition and Consumer Commission (ACCC) has brought cases against a veritable who’s who of major firms. Telstra was fined for misleading consumers about…

Read More Labor proposes to increase penalties for competition law contraventions if elected

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Large retailers supplying high value electrical appliances and whitegoods, such as refrigerators, computers and washing machines, will be a key enforcement priority for the ACCC in 2019. “We’re concerned that many manufacturers and large retailers are not complying with consumer guarantee laws and this will be an area of renewed focus for us this year,”…

Read More ACCC 2019 focus on consumer guarantees and anti-competitive practices

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The Australian Competition and Consumer Commission (ACCC) is seeking views on the proposed acquisition of Woolworths Limited’s (Woolworths) network of retail service station sites by BP Australia Pty Ltd (BP). Together with the proposed acquisition, BP proposes to enter into an ongoing retail convenience, shopper docket discount and customer loyalty partnership with Woolworths. The ACCC’s…

Read More ACCC seeks views of BP’s proposed acquisition of Woolworths service stations

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The Chairman of the Australian Competition and Consumer Commission Rod Sims says 2017 will see its enforcement teams hone in on misleading and deceptive practices, anti-competitive conduct and unfair contract terms affecting small businesses. Speaking at a Committee for Economic Development of Australia (CEDA) event in Sydney today, Mr Sims launched the ACCC’s 2017 Compliance…

Read More ACCC names key enforcement and compliance priorities for 2017