Media

Polaris quad bikes recalled due to asbestos risk

Australian quad bike supplier Polaris has notified the Australian Competition and Consumer Commission of a recall of 12 models in its ‘youth’ range of quad bikes due to the presence of asbestos in component parts.

Polaris conducted recent testing in the USA which identified asbestos in brake pads, brake shoes, gaskets, and washers in some of its quad bike models.

The ACCC understands that approximately 13,000 of the affected quad bikes are believed to have been supplied in Australia since 31 December 2003.

ACCC calls on Australians to sign up for broadband speed testing

The Australian Competition and Consumer Commission is calling on thousands of Australians to volunteer to be part of a new program that will measure and compare broadband speeds across the country.

The program will install hardware-based devices in around 4,000 households over four years, beginning with around 2,000 volunteers in the first year. These devices will perform remote testing to determine typical speeds on fixed-line NBN services at various times throughout the day.

High Court rules in ACCC's favour in air cargo cartel case

The High Court of Australia today found that price fixing agreements entered into between Air New Zealand Ltd (Air NZ), PT Garuda Indonesia Ltd (Garuda), and other international airlines, which occurred between 2002 and 2006, breached Australia’s competition law.

“This is a significant win for the ACCC in the long-running, highly contested air cargo cartel proceedings,” ACCC Commissioner Sarah Court said.

ACCC won't oppose GE's proposed acquisition of Baker Hughes

The Australian Competition and Consumer Commission has announced it will not oppose the proposed acquisition of Baker Hughes Incorporated (Baker Hughes) by General Electric Company (GE).

On 6 January 2017, GE and Baker Hughes announced that the companies will establish a new listed company combining the oil and gas business of GE and the whole business of Baker Hughes. The global merger is valued at approximately US$32 billion.

Sprint Telco pays penalty for unauthorised transfer

Sprint Telco Pty Ltd (Sprint Telco), a telecommunications provider, has paid a penalty of $10,800 following the issue of an infringement notice by the ACCC.

The ACCC issued the infringement notice because it had reasonable grounds to believe that Sprint Telco made a false or misleading representation to a consumer during a telemarketing call in October 2016, in which the consumer was transferred from Telstra Corporation Limited (Telstra) to Sprint Telco.

ACCC won't oppose proposed merger of Dow and DuPont in Australia

The Australian Competition and Consumer Commission will not oppose the proposed merger of The Dow Chemical Company (Dow) and E.l. Du Pont de Nemours and Company (DuPont).

On 27 March 2017 the European Commission cleared the proposed merger, subject to divestiture of major parts of DuPont's global pesticide business and global research and development organisation. Separately Dow will also divest its acid co-polymers and ionomers business.

Lumo Energy pays penalty for alleged energy offer misrepresentations

Energy retailer Lumo Energy Australia Pty Ltd (Lumo) has paid a penalty of $10,800 after being issued with an infringement notice by the ACCC.

The ACCC issued the infringement notice because it had reasonable grounds to believe that Lumo had contravened the Australian Consumer Law by making a false or misleading representation about energy discounts.

Optus to compensate customers shortchanged on data, call and text inclusions

The Australian Competition and Consumer Commission has accepted a court enforceable undertaking from Optus Mobile Pty Limited agreeing to compensate customers following an investigation into concerns that Optus was providing less data than advertised to consumers.

The undertaking relates to three separate incidents in 2015 and 2016 where Optus decided to reduce some of the data, calls and/or texts inclusions offered with particular Prepaid products without telling affected customers.