Competition and Consumer Act 2010

ACCC issues ACCCount for September quarter 2014

The Australian Competition and Consumer Commission has published its September 2014 quarterly report, ACCCount, which highlights some of the agency’s key activities in mid-2014.

The agency has worked to support small business and fair trading, with proceedings launched against A Whistle (1979) Pty Ltd (trading as Electrodry) for alleged involvement in the posting of fake online testimonials.

Annual report highlights effective enforcement by ACCC

The Australian Competition and Consumer Commission’s annual report for 2013–14 shows the ACCC was involved in 53 proceedings relating to consumer protection enforcement, increased competition enforcement and sent strong deterrence messages by securing over $12 million in penalties and other remedies during the year.

ACCC Chairman Rod Sims highlighted the notable achievements, including strong court judgments, significant penalties and major regulatory decisions for the year.

ACCC to focus on sale of Queensland electricity assets

Electricity generation assets will be the Australian Competition and Consumer Commission’s focus when the privatisation of Queensland electricity assets is triggered.

In a speech to the Energy Users’ Association of Australia, ACCC Chairman Rod Sims said the Queensland generation sector is one of the most highly concentrated in Australia.

“The ACCC hopes that the Queensland government will use this opportunity to establish a competitive structure when privatising its generation assets.”

ACCC initial comments on Harper Review

The Australian Competition and Consumer Commission today provided some initial comments in response to the draft report of the Harper Competition Review.

At the University of South Australia’s Annual Competition and Consumer Workshop, ACCC Chairman Rod Sims supported the Panel’s focus on both opening as many sectors as possible up to the disciplines of competition, and getting the settings of the competition law right.

“The Harper Panel’s draft report identifies a considerable amount of micro economic reform,” Mr Sims said.

Food and grocery and Australia’s competition law

Addressing the AFGC Industry Forum in Canberra, ACCC Chairman Rod Sims welcomes the Harper Review draft report and discusses proposed areas of microeconomic reform where the food and grocery sector stands to benefit. He also covers industry efforts to develop a code of conduct to address unfair practices in the grocery sector and provides an update on the ACCC's activities in the areas of credence claims, carbon tax repeal and product safety.

Celebrating 40 years of making markets work

The Trade Practices Act 1974 was renamed the Competition and Consumer Act 2010 and has gone through many reviews, but the original principles of promoting efficiency and competition and protecting consumers from unfair practices remain.

ACCC welcomes Harper Competition Review Draft Report

The Australian Competition and Consumer Commission welcomes the Harper Competition Review Draft Report.

“The draft report is part of the most significant review in this area for over 20 years,” ACCC Chairman Rod Sims said.

“The ACCC particularly welcomes the panel’s view that there is a need to reinvigorate Australia’s competition policy, and ensure that competition policy evolves.”

Such reform was a key element of the ACCC’s submission to the Harper Competition Review Panel.

ACCC begins criminal prosecution against Michael Anthony Boyle for allegedly providing false or misleading evidence

The Australian Competition and Consumer Commission has begun criminal proceedings in the Federal Court in Brisbane against Mr Michael Anthony Boyle for allegedly providing false or misleading evidence in the course of the investigation into Sensaslim Australia Pty Ltd (Sensaslim).

In 2011 the ACCC issued a notice under section 155 of the Competition and Consumer Act 2010 requiring Mr Boyle to appear before the Commission to give evidence.

Enhancing competition policy

ACCC Chairman Rod Sims addresses the Law Council of Australia, Competition & Consumer Committee Annual General Meeting in Brisbane. Mr Sims discusses gaps in the law which can damage economic efficiency and also do not reflect international best practice. He also covers merger policy, and the re-emergence of the 'national champions' argument and briefly comments on institutional issues.