Business

Efficient infrastructure key to economy beyond the COVID-19 crisis

Efficient infrastructure is integral to rebuilding the economy beyond the pandemic but cannot come by excessively focussing on the needs of infrastructure owners at the expense of the users, ACCC Chair Rod Sims said today.

Mr Sims was speaking at the Australian Financial Review’s National Infrastructure Summit on competition issues in infrastructure and changes since COVID-19.

FE Sports allegedly engaged in resale price maintenance

The ACCC has instituted proceedings in the Federal Court against B & K Holdings (QLD) Pty Ltd, trading as FE Sports, alleging that it engaged in resale price maintenance for the wholesale supply of cycling and sporting products in Australia.

It is alleged that between February 2017 and June 2019, FE Sports provided 328 dealer agreements to existing or prospective dealers containing terms that prohibited the dealer from advertising or promoting the products of certain brands on the dealer’s website for less than the recommended retail price (RRP) set by FE Sports.

Competition issues in infrastructure and changes since COVID-19

ACCC Chair Rod Sims addressed the Australian Financial Review’s National Summit on competition issues in infrastructure since COVID-19. Mr Sims spoke about the importance of efficient infrastructure to keep the economy strong beyond the current pandemic and touched on a range of issues including the competitiveness of the NBN, energy affordability to the disruption and the airline industry.

ACCC & AER annual report 2019-20

Annual report of the Australian Competition and Consumer Commission (ACCC) and the Australian Energy Regulator (AER).

Dormakaba’s acquisition of E Plus not opposed

The ACCC will not oppose Dormakaba Australia Pty Ltd’s (Dormakaba) proposed acquisition of E Plus Building Products Pty Ltd (E Plus).

Both Dormakaba and E Plus supply key inputs in the fire doors industry. However the companies do not compete at the same level of the supply chain and there is no overlap between the products that they supply.

Dormakaba supplies a range of door hardware and components such as door closers, hinges, handles and locks. E Plus supplies fire cores which form the centre of all fire doors.

London Stock Exchange Group’s acquisition of Refinitiv not opposed

The ACCC will not oppose the proposed acquisition of Refinitiv Parent Limited (Refinitiv) by the London Stock Exchange Group plc (LSEG).

LSEG and Refinitiv are global companies supplying financial markets infrastructure products and services to financial industry professionals.

In Australia, LSEG primarily supplies clearing services for over-the-counter interest rate derivatives, venue data generated by trading activity on its European trading venues and platforms, and licensing of fixed income and cash equities indices (such as FTSE 100).

Report: airline competition in Australia

First report on the ACCC’s monitoring of prices, costs and profits of Australian domestic air passenger transport services.