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Competition news
In Touch looks at what's been happening in Competition this month and what it means for your business ...
Australian Consumer Law Review - proposed reforms
Consumer Affairs Australia and New Zealand has released its final report on the review of the Australian Consumer Law ACL recommending a range of reforms to strengthen protections for consumers and businesses We look at the proposed reforms and the implications for your business if they are accepted ...
Pseudo-investments and mobile apps - a new frontier for regulators
It is hardly surprising that the Australian Securities and Investments Commission ASIC has taken an interest in the mobile app market given that there has been an aggressive expansion into the mobile space by financial services providers ASIC has recently cracked down on web and mobile based OTC ...
ACCC's Enforcement and Compliance priorities for 2018
A number of industries and issues are in the spotlight following release of the ACCCs 2018 Enforcement and Compliance Priorities by ACCC Chairman Rod Sims on 20 February 2018 The financial services energy commercial construction and agriculture sectors will be a focus in 2018 as well as the ...
Federal Government review into Open Banking
The Federal Government has released its much anticipated Review into Open Banking in Australia The Review makes 50 sweeping recommendations to implement Open Banking including a new regulatory framework under which the regime would operate in the broader context of a new Consumer Data Right for all ...
Corporate law developments
Welcome to our monthly snapshot of regulatory updates and other developments in corporate law We know you are busy so our focus is on capturing key issues ...
ACCC cartel action against Cryosite is a strong reminder of rules prohibiting 'gun jumping'
The Federal Court proceeding instituted by the ACCC against Cryosite Limited involving supposed cartel conduct alleging gun jumping in a merger. ...
ACCC brings first 'excessive surcharge' proceedings
The ACCC has instituted Federal Court proceedings against Europcar for allegedly imposing excessive payment surcharges on customers. This is the first court proceeding commenced by the ACCC under the new prohibition and serves as a reminder to businesses that card payment surcharges must be limited. ...
ACCC proposes default retail prices
A major recommendation in the ACCCs Retail Electricity Pricing Inquiry Final Report is to abolish standing offers and replace them with an obligation on retailers to supply at a price no higher than the level determined by the Australian Energy Regulator to be known as the default offer The ACCC ...
ACCC's recommendations for encouraging consumer engagement
The ACCC has identified consumer disengagement as a key issue of concern in the retail electricity market and formulated a number of proposals designed to encourage consumer engagement and switching as a way to drive competition We look at the key recommendations ...