Media

NBN users shift to higher speeds

More and more consumers are receiving higher-speed NBN plans and the 50Mbps plan now makes up 26 per cent of all NBN plans, up from just 4.6 per cent in December 2017.

The ACCC’s ninth quarterly Wholesale Market Indicators Report found the number of 50Mbps services being acquired from NBN Co increased from 158,959 to 989,360 in the quarter to 31 March 2018.

“Nearly one million customers are now using a plan with 50Mbps speeds. This is a remarkable shift in just three months,” ACCC Chairman Rod Sims said.

Conditional approval for Port of Brisbane, Carnival

The ACCC has granted authorisation for an agreement between the Port of Brisbane and cruise operator Carnival to develop a new $158 million cruise terminal in Brisbane, subject to two conditions.

Under the agreement, Carnival will pay a fixed annual amount to the Port for 15 years in return for preferential berthing rights at the new terminal. These include 100 "Foundation Berthing Days" a year, giving Carnival first pick of 100 days at the terminal each year, up to a maximum of four days a week.

ACCCount 1 January to 31 March 2018

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.

C&I users need affordable energy

ACCC Chairman Rod Sims delivered an address to the Energy Users Association of Australia’s (EUAA) 2018 National Conference today, highlighting the current state of Australia’s electricity and gas markets.

“In Australia, the matters surrounding energy are some of our defining economic challenges for the 21st century,” Mr Sims said.

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.