ACCCount details the ACCC’s enforcement, compliance, merger, adjudication, economic regulation, market studies, advocacy and international activities during the April to June 2016 quarter.
This edition includes:
- penalties totalling $18 million ordered by consent by the Federal Court against Colgate-Palmolive Pty Ltd for entering understandings with PZ Cussons Australia Pty Ltd and Unilever Australia Ltd which limited the supply, and controlled the price, of laundry detergents
- a penalty of $120 000 ordered by the Federal Court against Mr Zelko Lendich, a former director of Australian Egg Corporation Ltd (AECL) and the former managing director of Farm Pride Foods Ltd, for an attempt to induce a cartel arrangement between competing egg producers
- decision not to oppose Anheuser-Busch InBev SA/NV’s (AB InBev) acquisition of SABMiller plc, following the ACCC’s conclusion that the proposed acquisition would not significantly change the current market structure
- introduction of a mandatory safety standard to ensure the safety of self-balancing scooters (or ‘hoverboards’) by the then Minister for Small Business and Assistant Treasurer, the Hon. Kelly O’Dwyer MP, following the recommendations of the ACCC
- engagement with agriculture markets through the work of the ACCC Agriculture Unit, including continuing the market study examining the cattle and beef industry, hosting regional workshops in Shepparton, Toowoomba and Bunbury, and visiting farms, processing facilities and saleyards across the country.
To read the full report, see: ACCC issues ACCCount for June 2016 quarter