Region: Australia

Greenwashing distorts competitive markets, ACCC official warns

Too many businesses are “greenwashing” to gain a competitive advantage over those taking genuine steps to adopt sustainable practices, a senior official at the Australian Competition and Consumer Commission has said.

08 August 2023

ANZ/Suncorp eye court challenge after ACCC block

ANZ and Suncorp have hinted they will fight the Australian competition authority’s block of their planned €2.9 billion tie-up, after the watchdog today said their deal could harm competition for home loans nationally and certain local banking services.

04 August 2023

ACCC allows banks to collaborate to combat scams

Australia’s largest banks can collaborate on developing an industry standard to tackle scams, subject to extensive reporting requirements and the involvement of a competition lawyer, the country’s antitrust authority has said.

03 August 2023

Building automation company schemed to rig National Gallery tender, Australian court finds

A building management system provider and its sole director attempted to conspire with a rival to rig a tender for a project at the National Gallery of Australia, a court has found.

01 August 2023

ACCC raises concerns over pair of contentious tie-ups

Australian Clinical Labs’ proposed purchase of Healius may substantially lessen competition for pathology services by giving the merged company more than 50% of the relevant market, the country’s antitrust authority has said.

20 July 2023

Digital economy-specific rules are wrong, former ACCC commissioner says

The Australian proposal for an ex ante regulatory regime that will impose industry-specific rules on digital platforms reflects a misguided “gut reaction” to perceived competitive harm, a former commissioner at the country's competition watchdog has said.

19 July 2023

Australian digital platform inquiry shifts focus to data brokers

Australia’s antitrust watchdog has begun scrutinising data broker services as part of a market study probing potential concerns about barriers to entry and spillover competition effects in other sectors.

10 July 2023

Break up abusive firms and amend SLC test, says ex-ACCC head

A former head of the Australian Competition and Consumer Commission has recommended a host of reforms to the country’s antitrust regime that would empower the enforcer to forcibly break up companies found to have abused their market power.

10 July 2023

Australia consults on divestments in retail fuel deal

Australia’s antitrust enforcer has said it could approve Viva Energy Retail’s €702 million acquisition of On The Run Group, after the company offered to divest 23 of its 32 retail fuel and convenience sites in Adelaide to “preempt” excessive pricing and foreclosure concerns.

07 July 2023

ACCC concerned about toll road deal

Australia’s antitrust enforcer has warned that the proposed acquisition of a majority stake in a rival by the country’s largest toll road operator may block future competition in local markets.

29 June 2023

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