Media

Holden commits to negotiate in good faith with Holden dealers

General Motors Holden Australia NSC Pty Ltd (Holden) has committed to negotiate with its dealers in good faith about compensation for Holden’s withdrawal from the Australian market, as required under the Franchising Code of Conduct and Australian Consumer Law.

The commitment follows pressure from the ACCC for Holden to agree to extend the deadline for acceptance of its compensation offer and to engage in good faith negotiations with dealers. 

The ACCC said it was preparing for court action had Holden not changed its position. 

Views sought on issues for draft news media and digital platforms bargaining code

The ACCC is seeking views to inform its work on developing a new draft mandatory code that will address bargaining power imbalances between Australia’s news media businesses and Google and Facebook.

A concepts paper, released today, sets out a range of issues for which the ACCC is seeking feedback and information; including what should be included in the draft bargaining code, how particular issues should be addressed, and how the code should operate.

Don't get scammed looking for a lockdown puppy

Australians have lost nearly $300,000 to puppy scams this year, and scammers have been particularly targeting those seeking a furry companion during social isolation.

Scamwatch has seen a recent spike in puppy scams and in April reports were almost five times higher than the average, with losses on track to exceed the 2019 total of $360,000.

“A lot of people are stuck at home and going online to buy a pet to help them get through the loneliness of social isolation,” ACCC Deputy Chair Delia Rickard said.

Queensland Yoghurt pays penalty for failing to disclose gelatine ingredient

Queensland Yoghurt Company Pty Ltd (QYC) has paid a penalty of $12,600 after the ACCC issued it with an infringement notice for allegedly misleading consumers by omitting gelatine as an ingredient in some of its yoghurt products.

The ACCC alleges that, from at least 2 July 2019, QYC failed to disclose the presence of gelatine, or the compound ingredient CFT-1 of which gelatine was a component, in its Queensland Yoghurt products, when in fact gelatine was an ingredient.

Guidelines will assist industry to comply with new laws

New guidelines, published by the ACCC, will assist electricity retailers and generators to comply with laws aimed at protecting consumers and businesses from excessive electricity prices.

The laws prohibit electricity retailers from keeping consumer and small business prices unnecessarily high when costs fall, and prohibit generators from inflating wholesale prices or blocking access to critical contracts, which could increase retail prices. The laws will form part of the Competition and Consumer Act and come into effect on 10 June 2020.

Interim authorisation for car rental companies revoked due to COVID-19

The ACCC has revoked an interim authorisation due to the change in market conditions caused by the COVID-19 pandemic. The ACCC granted the interim authorisation in February to five major car rental companies to jointly negotiate with Cairns Airport including discussions about their lease agreement for space, such as parking bays and counter space at the airport.

Guidelines on Part XICA - Prohibited conduct in the energy market

These guidelines set out how the ACCC will interpret Part XICA of the Competition and Consumer Act 2010 (Cth) (CCA) and they explain the general approach the ACCC will take in investigating alleged contraventions of Part XICA. They include a number of examples of the types of conduct that the ACCC considers are likely or unlikely to contravene Part XICA.

Consumer Data Right Compliance and Enforcement Policy released

The ACCC and the Office of the Australian Information Commissioner (OAIC) today jointly released the Compliance and Enforcement Policy for the Consumer Data Right.

The Policy outlines the approach that the ACCC and the OAIC have adopted to encourage compliance with, and address breaches of, the Consumer Data Right regulatory framework. The Policy has been developed following consultation with current and future data holders and recipients.

Federal Court dismisses ACCC appeal on PN Aurizon case

The Full Court of the Federal Court has today delivered its judgment on the ACCC’s appeal in relation to proceedings brought to stop Pacific National’s acquisition of the Acacia Ridge Terminal in Brisbane by Aurizon (ASX: AZJ).

The ACCC had appealed the 2019 judgment of the Federal Court which held that the acquisition would not be likely to substantially lessen competition due to an undertaking that Pacific National had offered the Court.