ACCC & AER annual report 2020-21

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

Dairy Farmers Milk Co-operative pays penalty for alleged Dairy Code breach

The Dairy Farmers Milk Co-operative Limited (DFMC) has paid a penalty of $11,100 after the ACCC issued it with one infringement notice for allegedly failing to comply with its publishing obligations under the Dairy Code.

The Dairy Code requires most companies that buy milk from farmers to publish standard form milk supply agreements on their websites by 2.00pm on 1 June each year. These agreements must cover all the circumstances in which the company intends to purchase milk in the upcoming dairy season, so farmers can compare the minimum prices and contract terms on offer.

Google’s dominance in ad tech supply chain harms businesses and consumers

An ACCC inquiry into the advertising technology (or ‘ad tech’) sector has identified significant competition concerns and likely harms to publishers, advertisers and, ultimately, consumers.

The report, published today, concludes that enforcement action under Australia’s existing competition laws alone is not sufficient to address the competition issues in the sector, and that the ACCC should be given powers to develop specific rules in response.

Losses reported to Scamwatch exceed $211 million, phone scams exploding

Scamwatch is urging people to be extra vigilant about scams after Australians reported a record $211 million in losses to scams so far this year, an 89 per cent increase compared to the same period last year, according to new data from Scamwatch.

The losses, reported between 1 January and 19 September, have already surpassed the $175.6 million reported to Scamwatch across all of last year.

“It’s very concerning to see these scams evolving and becoming more sophisticated to steal even more money from unsuspecting people,” ACCC Deputy Chair Delia Rickard said. 

ACCC Chair Rod Sims appointed to International Competition Network role

ACCC Chair Rod Sims has been confirmed by the steering group of the International Competition Network (ICN) as the new Vice Chair Digital Co-ordination and Asia-Pacific Liaison.

Mr Sims’ role was confirmed at an ICN meeting on Wednesday night.

He will focus on co-ordinating ICN projects and discussions about competition in the digital economy and will also act as a liaison between the ICN Steering Group and ICN members in the Asia-Pacific region.