Neither course of action was recommended by the ACCC’s final report from its year-long inquiry into the supermarket sector.
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The long-awaited, 441-page final report also doesn’t recommend new divestiture powers or breaking up the supermarkets.
Virgin is now better positioned to return to international markets and give Qantas real competition.
In some countries, consumers can sue private companies for anti-competitive behaviour. But it’s harder to do in Australia.
A Coalition government would tackle surging insurance premiums by breaking up monopolies to make the industry more competitive.
Multiple countries, including New Zealand and Australia, are trying to use tax and competition rules to stem the growing power of big tech.
Increasing competition in the market is the only viable way to get Australian domestic airfares to fall in the long term. That’s unlikely to happen anytime soon.
The government says changes to the unit pricing code will help ensure shoppers are not the victims of inflation by stealth when buying everyday products.
A push to overhaul laws to stamp out land banking is part of a Government bid to crack down on anti-competitive and unconscionable conduct by supermarkets.
The competition watchdog reported hearing ‘concerning’ reports from suppliers about being paid prices below the cost of production but having ‘little choice but to agree to highly unfavourable terms’.
Woolworths and Coles face potentially massive fines if they are found guilty of misleading shoppers over the price of hundreds of products.
The UK Treasury called them “rip-off fees” and banned them in 2018. So how did Australians end up paying for much for card surcharges?
Sustainability extends far beyond the environment. But one of its most important pillars – social – has been left out of proposed guidelines for responsible business collaborations.
Across the economy, similar things tend to have similar prices. Have these been driven to their lowest natural level by competition? Or are firms abusing market power to charge whatever they want?
The Nationals have had a major win in having the opposition commit give the ACCC divestiture powers.
On one hand, the government has just waved through one of the biggest banking mergers of the last 20 years. On the other, they’ve been waving the big stick at Australia’s supermarket oligopoly.
The Emerson review could have recommended binding arbitration and giving courts the power to force supermarket chains to divest stores, but what it has recommended will put the big chains on notice.
A new ACCC report shows 74% of Australians are uncomfortable with their personal data being shared or sold. Yet this is happening every day, and the privacy law isn’t being enforced.
An ACCC taskforce may well prove effective in controlling unfair overcharging and NDIS costs. But the scheme’s pricing model could also use a redesign.
The ACCC has prioritised getting timely compensation to affected customers over pursuing the airline on the more serious charge of collecting fees for no service.
Top contributors
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Professorial Fellow, University of Canberra
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Professor of Economics, Monash University
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Professor, Melbourne Law School, The University of Melbourne
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Associate Professor, Faculty of Law & Justice; Lead, UNSW Public Interest Law & Tech Initiative, UNSW
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Professor of Law (consumer protections and credit law), The University of Melbourne
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Competition Lawyer; Senior Fellow, The University of Melbourne
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Senior Research Associate in Media and Communications, University of Sydney
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Professor Allan Fels, Professor of Law, Economics and Business at the University of Melbourne and Monash University., The University of Melbourne
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Associate Professor, Melbourne Law School, The University of Melbourne
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Professor and Director, Victoria Energy Policy Centre, Victoria University
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Associate Dean (Learning & Teaching) Faculty of Creative Industries, Education and Social Justice, Queensland University of Technology
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Adjunct Senior Lecturer, Applied Ethics and CyberSecurity, Griffith University
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Associate Professor, School of Law, University of Canberra
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Professor of Law, University of Newcastle