Australia: ACCC calls for merger law review

Australia: ACCC calls for merger law review

Australian Competition and Consumer Commission (ACCC) chairman Rod Sims said the handling of mergers needs a “rethink,” a week after knocking back the TPG-Vodafone merger because of dubious claims over competition. Mr Sims told the Australian Financial Review “we need a real rethink on how merger issues are dealt with in Australia,” after the competition […]

Australia: ACCC loses Aurizon-Pacific National deal in Federal Court

Australia: ACCC loses Aurizon-Pacific National deal in Federal Court

The Australian Competition and Consumer Commission (ACCC) lost a court case after trying to block the sale of Auirzon’s Acacia Ridge intermodal terminal near Brisbane to fellow freight operator Pacific National, arguing it would give Pacific National an effective monopoly on rail freight into north Queensland. The Federal Court on Wednesday, May 15, removed the […]

Australia: Charges laid against alleged forex price fixing cartel

Australia: Charges laid against alleged forex price fixing cartel

Criminal cartel charges have been laid against a money transfer business and five individuals for allegedly fixing the Australian dollar / Vietnamese dong exchange rate and fees they charged their customers. The charges arose from a joint ACCC and Australian Federal Police investigation into alleged price fixing by several Sydney and Melbourne money transfer businesses. […]

Australia: New appointment to the Australian Competition Tribunal

Australia: New appointment to the Australian Competition Tribunal

On Friday, April 5, The Coalition Government announced the appointment of Professor Caron Beaton-Wells as a lay member of the Australian Competition Tribunal for a period of five years. Professor Beaton-Wells brings extensive experience to the role as Director of the Competition Law and Economics Network and the Global Competition and Consumer Law Program at […]

Australia: ACCC ends cartel probe into Deloitte, EY, KPMG, PwC

Australia: ACCC ends cartel probe into Deloitte, EY, KPMG, PwC

The Australian competition regulator has chosen not to pursue a Labor-backed probe into possible illegal collusion between the big four consulting firms Deloitte, EY, KPMG, and PwC, stating that “conflicts alone” were not enough to be considered a breach of competition law. “On the information before it, the ACCC has not found evidence that provides […]

Australia: ACCC releases Consumer Data Right draft rules

Australia: ACCC releases Consumer Data Right draft rules

The Australian competition watchdog has released draft rules for the Consumer Data Right (CDR) and has invited consumers, businesses, and community organisations to send in their feedback by 10 May 10 so that the rules can take effect from July 1. The federal government had promised in November 2017 that legislation for the CDR would […]

Australia: Google Refuses regulators call for scrutiny

Australia: Google Refuses regulators call for scrutiny

Alphabet’s Google has rejected calls by Australia’s competition regulator for tougher scrutiny of its operations, denying that it enjoys market power in online searches and advertising, documents published on Monday, March 4, showed. The global giant was responding to recommendations made late last year by the watchdog, such as increased scrutiny and a new regulatory […]

Australia: Regulator to probe Big Four accounting “cartel”

Australia:  Regulator to probe Big Four accounting “cartel”

The Australian Competition and Consumer Commission (ACCC) has opened an inquiry into whether Deloitte, EY, KPMG and PwC have been engaging in anti-competitive behaviour The competition watchdog has requested information from the Big Four as part of an initial step to see if a formal investigation is warranted, according to the Australian Financial Review. The […]

Australia: Cryosite to pay AUD$1.05M for “gun jumping” cartel conduct

Australia: Cryosite to pay AUD$1.05M for “gun jumping” cartel conduct

The Federal Court has ordered Cryosite Limited to pay AUD$1.05 million in penalties for engaging in cartel conduct in its asset sale agreement with Cell Care Australia. The Court held, by consent, that Cryosite engaged in cartel conduct when it signed an agreement in June 2017 to sell the assets of its private cord blood […]

Australia: ACCC will keep pressure on Google and Facebook

Australia: ACCC will keep pressure on Google and Facebook

According to a report from the Sydney Morning Herald, Australian Competition and Consumer Commission (ACCC) chairman, Rod Sims says Facebook and Google must shoulder the blame for cuts to thousands of journalism jobs in Australia over the past decade, and that the rise of the digital platforms at the expense of traditional media is not […]

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