ACCC

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Original media release from the ACCC (7/03/2024). Consumer and competition issues in the supermarket sector and essential services including electricity and financial services are among the ACCC’s compliance and enforcement priorities for the year ahead, ACCC Chair Gina Cass-Gottlieb announced today. “Our priorities continue to be shaped by the key challenges facing our economy and the…

Read More ACCC Announces 2024-25 Enforcement Priorities

“While we found that Coles may have an incentive to consolidate some of its milk volumes in the eastern states, this was unlikely to lead to a substantial lessening of competition,” Mr Keogh said.

“Coles will likely continue to face financial incentives to stock and support branded milk from other processors, due to the higher retail margins it earns on these products.”

In addition, the ACCC found that Coles’ commercial incentives to consolidate its milk supply would exist with or without the transaction due to the significant excess capacity at the Laverton and Erskine Park facilities.

Read More “[U]nlikely to result in a substantial lessening of competition”, ACCC Okays Coles Milk Plant Acquisitions

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The total penalties, ordered by the Federal Court, are the highest imposed for resale price maintenance in Australia. Resale price maintenance (also known as RPM) occurs when a supplier of goods specifies a minimum price below which a reseller must not supply, offer to supply, advertise, or display those goods for sale.

“The ACCC submitted to the Court that this level of penalty was appropriate given the seriousness, duration and extent of Techtronic’s conduct. It sends a strong signal to deter others from engaging in RPM, and should serve as a warning for all other businesses,” ACCC Deputy Chair Mick Keogh said.

Read More ACCC Applies Record Penalty for “seriousness, duration and extent” of Techtronic’s Retail Price Maintenance

Drawing of a toy for an infant. If has a smiling face, string coming out of its head and a segmented body ending in a teething ring. Drawing of a toy for an infant. If has a smiling face, string coming out of its head and a segmented body ending in a teething ring.

The ACCC will enforce the new toy safety standard which will make it mandatory for all toys marketed at children under three to adhere to strict design and testing requirements ensuring toys do not contain small parts.

Read More New Mandatory Safety Standards to Protect Children from Choking Hazards

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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

Childcare Infographic

Original media release from the ACCC, published 5/07/2023. The Australian Competition and Consumer Commission (ACCC) has examined the price and availability of childcare services, how households select childcare services and the impact of Government contributions in its interim report, published today. It draws on information collected from a range of childcare providers around Australia as well…

Read More Pricing Practices and Operating Costs of Childcare Services to be examined, as Latest ACCC Report Confirms Fees Outpace Inflation

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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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This is a media release from the Australian Competition and Consumer Commission. It was originally published on March 7th 2023 and can be found on the ACCC website here, with graphs. Domestic airfares have declined from historic highs at the end of 2022; however, they remain above 2019 prices, the ACCC’s latest Airline Competition in Australia…

Read More Domestic airfares fall but prices remain above pre-pandemic levels

This is a media release from the Australian Competition & Consumer Commission (ACCC). It was originally published on 7th March 2023. Consumer and competition issues in essential services, environmental claims and sustainability, financial services and other critical areas will be among the ACCC’s compliance and enforcement priorities during 2023-24, ACCC Chair Gina Cass-Gottlieb announced today. Unveiling the ACCC’s annual…

Read More ACCC competition and consumer issues in essential services, sustainability among 2023-24 compliance and enforcement priorities

ACCC Chair Gina Cass-Gottlieb has welcomed the Governor General’s recent appointment of Catriona Lowe as ACCC Deputy Chair and applauded the contribution of departing Deputy Chair Delia Rickard. Ms Lowe has been appointed for a five-year term from 27 January 2023 when Ms Rickard will finish her term after more than a decade with the…

Read More ACCC pays tribute to Delia Rickard, welcomes Catriona Lowe as Deputy Chair