Two Sydney roofing companies have acknowledged in enforceable undertakings that discussions on social media about setting minimum rates for the repair of hail-damaged homes were likely to constitute an attempt to fix prices, and in some circumstances could raise concerns under the new concerted practices prohibition.
ANZ Roofing Pty Ltd and Ivy Contractors Pty Ltd, and their directors Mark Lee Burtenshaw and Brent Cameron Callan-Kerkenezov, have acknowledged the ACCC's concerns about the messages, which appeared on two Facebook groups in December 2018.
The ACCC has instituted Federal Court proceedings against Tasmanian Ports Corporation Pty Ltd (TasPorts) in its first case taken under the amended misuse of market power provision.
The ACCC alleges that TasPorts, which owns all but one port in northern Tasmania, sought to stop a new entrant, Engage Marine Tasmania Pty Ltd (Engage Marine), from competing effectively with TasPorts’ marine pilotage and towage businesses, with the purpose, effect and likely effect of substantially lessening competition.
The ACCC says there needs to be greater recognition of the economic costs of allowing anti-competitive mergers, ACCC Chair Rod Sims said today.
Mr Sims was speaking about consumer welfare at the RBB Economics Forum and the emerging challenges for policymakers and regulators to improve economic efficiency across a range of areas including mergers, unfair conduct, monopolies, agriculture and the data economy.
ACCC Chair Rod Sims has welcomed Treasurer Josh Frydenberg's announcement today that Stephen Ridgeway will join the agency as a Commissioner.
Mr Ridgeway has been appointed for a term of five years. He brings to the ACCC extensive experience as a leading lawyer specialising in competition and consumer law, including in large-scale litigation, merger review and infrastructure access matters.