ACCC authorises WA and NT LNG producers

The ACCC has authorised Chevron, INPEX, Shell and Woodside (ASX:WPL) to coordinate maintenance activities at their LNG facilities in Western Australia and Northern Territory. 

The four LNG producers compete for a limited pool of skilled contractors and specialised equipment to conduct scheduled maintenance.

“LNG producers can now schedule maintenance together without risking breaching competition laws, reducing concurrent work at their facilities. This will improve efficiency and maximise LNG production,” ACCC Chairman Rod Sims said.

Draft decision on Port of Brisbane and Carnival agreement

The ACCC is proposing to allow arrangements between the Port of Brisbane and Carnival Cruise Line that will support the development of a new $158 million dedicated cruise liner terminal in Brisbane.

The parties have sought authorisation for an agreement between them under which Carnival will be bound by take or pay obligations for the new terminal, meaning Carnival will pay a fixed yearly amount to the Port over the term of the 15 year agreement.

ACCC flags concerns about Saputo-Murray Goulburn deal

The ACCC says its concerns around the proposed acquisition of the assets of Murray Goulburn (ASX:MGC) by Saputo are solely in relation to Murray Goulburn’s Koroit dairy plant in western Victoria, in particular the impact the acquisition will have on competition for farmers’ milk in the area.

The ACCC outlined its concerns in a Statement of Issues paper today and is seeking responses from interested parties by 13 March.

Netgear likely misled customers

Networking equipment manufacturer Netgear will provide remedies and refunds to customers who were misled by its warranty and technical support representations, following action by the ACCC.

From June 2016, Netgear incorrectly told customers they could not receive a remedy for a faulty product, unless they were covered by Netgear’s manufacturer’s warranty or they purchased a technical support contract.

ACCC seeking views on news and digital platforms inquiry

The ACCC is looking forward to hearing the views of consumers, media organisations, digital platforms, advertising agencies and advertisers after today outlining the key issues it will be considering in its digital platforms inquiry.

As part of its public inquiry into the impact of digital platforms on media and advertising markets in Australia, the ACCC is seeking feedback on:

Consumers urged to fight back against record retailers' margins

Average petrol prices in Australia’s five largest cities increased significantly in the December 2017 quarter and hit their highest levels since 2015, according to the ACCC’s latest quarterly petrol report.

The ACCC found that average petrol prices in Sydney, Melbourne, Brisbane, Adelaide and Perth increased by 12.6 cents per litre in the quarter to 135.1 cents per litre.

ACCC appeals Cussons decision

The ACCC has appealed from the Federal Court’s decision late last year to dismiss the ACCC’s proceedings against PZ Cussons Australia Pty Ltd (Cussons).

The ACCC took action against Cussons in 2013, alleging Cussons had engaged in cartel conduct by arriving at, and giving effect to, an understanding with two other laundry detergent manufacturers to cease supplying standard concentrate laundry detergents in early 2009, and supply only ultra concentrates from that time. 

ACCCount 1 October to 31 December 2017

ACCCount details the ACCC's activities in the enforcement of the Competition and Consumer Act 2010, merger reviews, compliance actions, adjudication issues, economic regulation and international involvement.