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On 1 July 2020, the ACCC issued a draft determination proposing to grant conditional authorisation to the ABA. Conditional authorisation will allow participating member banks to continue to discuss, agree and give effect to any contract, arrangement or understanding between them (and potentially third-party suppliers and/or agents) to benefit their customers.
The Australian Competition and Consumer Commission (ACCC) works to enhance the welfare of Australians by promoting competition and fair trading and regulating national infrastructure. This report highlights the range of activities the ACCC engaged in to achieve its purpose in the March 2020 quarter.