Media

Digital platforms inquiry submissions published

The ACCC has today published 57 submissions received from advertisers, consumers, digital platforms, journalists and media organisations as part of its digital platforms inquiry.

The submissions canvassed a wide range of issues, including the degree of market power held by the digital platforms, the digital advertising supply chain, and the use of news content by digital platforms, including Google and Facebook.

Seven and Nine cleared to acquire Ten's TXA shares

The ACCC has today decided not to oppose Seven Network (a subsidiary of Seven West Media ASX: SWM), and Nine Network (a subsidiary of Nine Entertainment Co Holdings (ASX:NEC)) acquiring Network Ten’s stake in joint venture TX Australia (TXA).

TXA provides transmission services in Adelaide, Brisbane, Melbourne, Perth and Sydney. Transmission services are essential for television broadcasters to reach viewers and require access to transmission towers and electronic transmission equipment.

ACCC proposes to re-authorise Tyre Stewardship Scheme

The ACCC is proposing to grant authorisation for Tyre Stewardship Australia (TSA) to continue its revised Tyre Stewardship Scheme for a further six years.

The scheme aims to increase both the recycling of tyres and the use of products made from recycled tyres in Australia.

Since 2013, when the ACCC first authorised the scheme, TSA has collected a levy from participating tyre importers and directed $2 million of funds from the levy into market research for the development of new products made from recycled tyres.

More transparency on gas pricing

The ACCC’s Gas Inquiry 2017–20 Interim Report – April 2018 released today confirms that while conditions in the east coast gas market have improved since September 2017, the market is still not functioning effectively.

Prices offered to large commercial and industrial (C&I) gas users towards the end of 2017 were well below the peak of over $20/GJ in early 2017. After falling to a range of $8 to 12/GJ between June and November 2017, price offers made between November and January 2018 narrowed to $8 to 10/GJ for gas commodity.

Gas inquiry April 2018 interim report

This is the third interim report of the Australian Competition and Consumer Commission’s (ACCC) inquiry (‘the Inquiry’) into gas supply arrangements in Australia. The ACCC has continued its focus on the operation of the East Coast Gas Market, where there are immediate and longer-term concerns.

ACCC will not oppose waste industry acquisition

The ACCC has announced that it will not oppose the proposed acquisition of Tox Free Solutions Ltd (Tox Free) (ASX: TOX) by Cleanaway Waste Management Limited (Cleanaway) (ASX: CWY).

Cleanaway and Tox Free both supply waste management services, including the collection, treatment and disposal of municipal, commercial and industrial, liquid, hazardous and medical waste. They also provide various types of industrial services.

Airport profits continue to grow

Brisbane, Melbourne, Perth and Sydney airports all significantly increased their profits from aeronautical activities in 2016-17, with profits per passenger also rising, according to the ACCC’s annual Airport Monitoring Report.

The four airports earned a combined $757.6 million in operating profits (EBITA) from aeronautical activities in 2016-17, up 9.9 per cent in real terms from the previous year. Sydney Airport alone earned $360.8 million.

ACCC won’t oppose Zodiac and Fluidra deal

The ACCC will not oppose the proposed merger of Piscine Luxembourg Holdings (Zodiac) and Fluidra, S.A. (Fluidra).

Zodiac and Fluidra are global companies supplying residential swimming pool equipment in Australia. Combined, they would have a significant Australian market share in some products such as pool pumps, filters, water treatment, cleaners and automation systems.

However, the ACCC considered that remaining competitors would provide sufficient competitive constraint following the merger.

Second shipping company pleads guilty to criminal cartel conduct

Kawasaki Kisen Kaisha (K-Line), a global shipping company based in Japan, has today entered a guilty plea in the Federal Court to criminal cartel conduct.

K-Line’s plea follows an investigation by the ACCC and charges laid by the Commonwealth Director of Public Prosecutions in relation to cartel conduct concerning the international shipping of cars, trucks, and buses to Australia.