Chairman, Rod Sims, announces the ACCC's priorities for 2014. Issues discussed include drip pricing, disruption of scams, "discounts off what?" in the energy and telco sectors, emerging consumer issues in the online marketplace, and credence claims.
Competition and Consumer Act 2010
The Australian Competition and Consumer Commission has released its 2014 Compliance and Enforcement Policy. The policy outlines the ACCC's priority areas for the year and sets out the factors to be taken into account when deciding whether to pursue matters.
Launching the policy a Committee for Economic Development of Australia (CEDA) in Sydney, ACCC Chairman Rod Sims said a strategic review confirmed many previously identified priorities and added some new areas.
The Australian Competition and Consumer Commission has instituted proceedings in the Federal Court of Australia against Pfizer Australia Pty Ltd (Pfizer) for alleged misuse of market power and exclusive dealing in relation to its supply of atorvastatin to pharmacies in contravention of the Competition and Consumer Act 2010.
Atorvastatin is a pharmaceutical product used to lower cholesterol and Pfizer’s originator brand of atorvastatin, Lipitor, was for a number of years the highest selling prescription medicine under the Pharmaceutical Benefits Scheme.
The ACCC’s approach is that it will not ordinarily indicate whether a business has been given an infringement notice.
In accordance with the principle of transparency outlined in the ACCC’s Compliance and Enforcement Policy, every enforcement matter that is dealt with through litigation or formal resolution is made public.
In accordance with this principle, the ACCC maintains a register on its website listing paid infringement notices. Entries on the register ordinarily contain the following details:
The ACCC focuses on prioritising matters for compliance and enforcement action where there has been or may be widespread consumer detriment. For this reason, many of the matters the ACCC pursues will not be suitable for resolution by way of infringement notice.
The ACCC is less likely to consider issuing infringement notices where: