ACCC grants authorisation to IATA tariff coordination system
The Australian Competition and Consumer Commission today issued a determination granting authorisation to the International Air Transport Association for its new passenger tariff coordination system. The ACCC also extended authorisation to the current system to allow a transition period.
"When it issued its draft determination in June this year, the ACCC considered that IATA had made significant steps to address the ACCC's previous competition concerns regarding the sharing of information and the impact of IATA fares in the market," ACCC Chairman, Mr Graeme Samuel, said today. "The ACCC has confirmed this view in today's determination."
On balance, the ACCC considers that the public benefits of the new system are likely to outweigh the public detriments.
More information regarding the application for authorisation and a copy of the determination will be available at the ACCC website, by following the links to Public registers and Authorisations and notifications registers and Authorisations register.
*Authorisation provides immunity from court action for conduct that might otherwise raise concerns under the competition provisions of the Trade Practices Act 1974. Broadly, the ACCC may grant an authorisation when it is satisfied that the public benefit from the conduct outweighs any public detriment. The ACCC conducts a comprehensive public consultation process and issues a draft determination before making a decision to grant or deny authorisation.
