Region: Australia

Competition will be crucial to post-coronavirus recovery, Sims says

Competition will have a critical role to play during the economic recovery from the coronavirus pandemic, the head of Australia’s competition watchdog has said.

30 March 2020

ACCC grants urgent authorisation for banks to collaborate on relief

Australia’s competition authority has granted urgent interim authorisation to allow the country’s banks to work together in providing relief for small businesses hit by the COVID-19 pandemic.

20 March 2020

TPG/Vodafone judgment resoundingly rejects ACCC’s theory of harm

There is “no real chance” that TPG Telecom would enter the market for mobile services absent its merger with Vodafone Hutchison, as Australia’s antitrust watchdog had contended, according to the judge who allowed the deal to progress.

05 March 2020

Asahi offers divestiture for AB InBev Australian deal

Asahi Group has offered to divest three cider and two beer brands to allay concerns that its acquisition of Anheuser-Busch InBev’s Australian operations would harm competition.

28 February 2020

What would Adam Smith say: The Asia-Pacific Tipline for 28 February 2020

The head of Australia’s competition authority said yesterday that his country’s economy is “too concentrated”. Speaking during the conference dinner at the International Competition Network’s merger workshop, Rod Sims said the stakes of getting merger control right are high. He opined that if Adam Smith, viewed by some as the “father of capitalism”, were alive today, Smith would “believe our economies are now much too concentrated and that we have collectively all failed in our mission.” Competition agencies should step back and ask themselves whether their merger regimes are facilitating “the level of competition needed for a well-functioning market economy,” Sims suggested.

28 February 2020

Sims warns companies that threaten to consummate deals

Companies threatening to close a merger while it is still under review could be the straw that “breaks the camel’s back” for Australia’s informal review process, the head of the country’s competition watchdog has said.

27 February 2020

Australia probes Google/Fitbit

Australia’s competition authority has launched an informal investigation into Google’s acquisition of Fitbit, on the same day that the authority’s head spoke about the difficulties in assessing mergers in the digital sector.

27 February 2020

ACCC sets sights on funeral industry

Australia’s funeral industry is rife with competition concerns and will be a priority for the country’s competition watchdog in 2020, the head of the agency has said.

25 February 2020

ACCC launches digital advertising inquiry

Australia’s competition watchdog has launched an 18-month inquiry into the markets for the supply of advertising technology and digital advertising agency services.

19 February 2020

ACCC loses TPG/Vodafone merger case

TPG Telecom’s proposed merger with Vodafone Hutchison is not likely to harm competition, an Australian court has ruled in a blow to the country’s competition authority.

13 February 2020

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