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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 ...
LNG destination clauses under scrutiny by Japanese competition regulator
Part of the Japanese Ministry of Economy Trade and Industrys strategy for LNG market development which aims to achieve stability in LNG supply and lower prices is to abolish or relax destination clauses with the view that this would lead to lower prices through increased reselling and arbitrage ...
Government unveils proposed changes to competition laws
The Federal Government today released its much anticipated exposure draft ...
Amending the misuse of market power prohibition
On 1 December 2016 the Federal Government introduced a Bill to Parliament to amend section 46 of the Competition and Consumer Act 2010 Cth which prohibits the misuse of market power The Bill adopts the recommendations of the Harper Review ...
Senate Committee supports proposal to broaden the misuse of market power prohibition
The Senate Economics Legislation Committee has published its report supporting the Governments proposed reforms to broaden the misuse of market power prohibition but recommended that the mandatory factors be removed It is expected that the Government will now seek to expeditiously progress the Bill ...
House of Representatives passes misuse of market power Bill
The House of Representatives yesterday passed the Governments Bill to broaden the misuse of market power prohibition and the Bill will be introduced to the Senate shortly The Bill as passed removes the mandatory factors the courts would have had to consider in determining whether conduct was ...
Competition news
In Touch looks at what's been happening in Competition this month and what it means for your business ...
Significant changes ahead for Australian competition laws
The Federal Governments Competition Policy Bill which contains its response to the Harper Reviews broader recommendations on competition law and policy will make significant changes to Australian competition laws ...
Treasury consultation paper flags changes to stapled structures
Stapled structures have been used as an investment platform in the property and infrastructure sectors for decades and more recently have been deployed into renewable energy agriculture and other areas Through the issue of its Taxpayer Alert on stapled structures on 31 January 2017 the ATO indicated ...
Excessive payment surcharging reforms
As of 1 September 2017 merchants will be prohibited from charging excessive payment surcharges for certain payment methods Under the new rules businesses can only pass on to customers what it costs them to process a payment The Allens Competition team have put together a brief overview of the ...