The ACCC issued its monitoring report for the 2007–08 year on 5 November 2008. The report shows that unit costs and revenues remained steady in 2007–08. Profits, however, increased because of increases in volumes and improved productivity. The report also shows that, over the last 10 years, Australian stevedores have benefited from waterfront reform by becoming increasingly efficient and profitable. In turn, users of stevedoring services have benefited as the cost of using stevedoring services has fallen in real terms. Demand for stevedoring services is expected to grow over the next decade and this presents opportunities for more intense competition in Australian stevedoring.
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ACCCount July to September 2008
ACCCount details the ACCC's activities in the enforcement of the Trade Practices Act 1974, merger reviews, compliance actions, adjudication issues, economic regulation and international involvement. This issue provides a briefing on whole-of-commission work for 1 July to 30 September 2008.
Published: 24 October 2008.
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Lotteries, sweepstakes and competition scams, fact sheet
Beware of any claims telling you that you have won the lottery, sweepstakes or a prize. You cannot win money or a prize in a lottery unless you have entered it yourself or someone you know has entered it on your behalf. You cannot be chosen as a random winner if you don’t have an entry.
Published: 23 October 2008.
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Money transfer scams
Money transfer scams are on the rise—watch out for all the different versions of this scam. Be very careful when someone offers you money to help transfer their funds.
Published: 23 October 2008.
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Phishing scams, fact sheet
Phishing scams are all about luring you into handing over your personal and banking details to scammers. Most work by setting up special links in the email to take you to a combination of genuine and spoofed websites. This fact sheet gives you some warning signs and common tricks used by scammers to protect yourself from being scammed.
Published: 23 October 2008.
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ACCC–AER information policy: the collection, use and disclosure of information
This guideline sets out the general policy of the Australian Competition and Consumer Commission and the Australian Energy Regulator on the collection, use and disclosure of information.
Published: 23 October 2008.
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Draft water charge (termination fees) rules
The Water Act 2007 (the Act) creates new institutional and governance arrangements to address the sustainability and management of water resources in the Murray-Darling Basin (the Basin). The Act builds on earlier reform initiatives, including the National Water Initiative (NWI) and the Murray-Darling Basin Agreement (MDB Agreement), and is supplemented by federal government funding commitments of around $10 billion.
Printed copies of the ACCC annual report 2007–08 are available by contacting the ACCC Infocentre on 1300 302 502.
Published: 13 October 2008.
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Draft water market rules and advice to the minister on the draft water market rules
The Australian Competition and Consumer Commission has released its draft water market rules and its advice to the Minister for Climate Change and Water on the draft water market rules for public consultation. The minister has requested final advice from the ACCC by December 2008, consistent with s. 98(2) of the Water Act 2007.
Published: 10 October 2008.
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Corporate plan and priorities, 2008–09
For the ACCC, the year ahead will see a range of reforms debated and introduced, if parliament agrees, relating to the three key pillars of competition law—provisions relating to anti-competitive agreements (particularly cartels), anti-competitive mergers and the abuse of market power.
Published: 10 October 2008.
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