Media

ACCC awarded international prize for competition advocacy

The Australian Competition and Consumer Commission has been honoured with an international award by the World Bank and International Competition Network (ICN) for its role in elevating competition policy to the national economic agenda.

The ACCC won the award for its advocacy work in promoting pro-competition measures when governments are privatising public assets.

ACCC won't oppose Healthe Care's proposed acquisition of Pulse Health

The Australian Competition and Consumer Commission has decided not to oppose Healthe Care Australia’s proposed acquisition of Pulse Health (ASX: PHG).

Healthe Care and Pulse Health are both private hospital operators. The ACCC’s review of the proposed acquisition focused on Forster and Taree in the mid-North Coast region in NSW. Healthe Care owns the Mayo Private Hospital in Taree and Pulse Healthe operates the Forster Private Hospital.

ACCC Releases Statement of Issues on Caltex's proposed acquisition of Milemaker

The Australian Competition and Consumer Commission has released a Statement of Issues expressing initial concerns about the proposed acquisition by Caltex Australia Petroleum (ASX:CTX) of a chain of 46 service stations in Victoria from Milemaker Petroleum.

The ACCC’s preliminary view is that the acquisition may substantially lessen competition for the retail supply of petrol in Melbourne.

New technology and digital disruption bring new challenges for consumer regulator

Fast-moving disruptive technologies and anti-competitive responses to those technologies by incumbent businesses are some of the key challenges facing consumer regulators, said Australian Competition and Consumer Commission Chairman Rod Sims.

Addressing the National Consumer Congress in Melbourne today, Mr Sims highlighted the challenges in regulating rogue online traders, sophisticated scam artists, and new retail practices like ‘subscription traps’, some of which fall short of the Australian Consumer Law and many of whom are based overseas.

Recognising Australia's east coast gas crisis

ACCC Chairman Rod Sims said events following the ACCC’s April 2016 Inquiry into the east coast gas market have confirmed the Commission’s worst fears.

Speaking in Sydney today at the 5th Annual Australia Domestic Gas Outlook Conference 2017, Mr Sims said, “One year ago at this conference I warned of “…an urgent need for both new and importantly more diverse sources of gas supply into the domestic market.”

“The outlook for gas supply is now even worse than it was a year ago; indeed, our worst fears are being realised,” Mr Sims said.

ACCC takes action against Aveling Homes over online review websites

The Australian Competition and Consumer Commission has instituted proceedings in the Federal Court against Aveling Homes Pty Ltd (Aveling Homes), a Perth-based home building company, for alleged misleading conduct and false or misleading representations.

The alleged conduct is in relation to review websites Aveling Homes created for its businesses, Aveling Homes and the First Home Owner’s Centre.

ACCC denies authorisation for insurance companies to jointly set a cap on sales commissions

The Australian Competition and Consumer Commission has issued a final determination denying authorisation to 16 insurance companies to agree to a cap of 20 per cent on commissions paid to car dealers who sell their add-on insurance products.

“The ACCC is denying authorisation because we believe this proposal is unlikely to change sales incentives or the quality of products, and consumers will still be sold products without being given adequate information or opportunity to make a considered decision,” ACCC Chairman Rod Sims said.