Elders acquisition of Delta Ag moves ahead minus six stores
The Elders $475 million acquisition of Delta Ag shares is moving ahead following a final nod from the ACCC albeit with the divestment of six rural stores The proposed Elders acquisition of Delta Ag will move ahead quickly now, following the intervention and approval of the Australian Competition and Consumer Commission (ACCC), which has asked […]
Wave of insurer acquisitions threatens competition and consumer choice according to MTAA
The Motor Trades Association of Australia (MTAA) has applauded the Australian Competition and Consumer Commission (ACCC) for recognising the risks of consolidation in the motor insurance market but warned that allowing IAG’s proposed acquisition of RAC Insurance (RACI) in Western Australia would entrench a damaging trend, leaving motorists worse off. Already this year, the ACCC […]
International factors keeping diesel prices significantly higher than petrol according to report
The reasons behind petrol prices increasing slightly and diesel prices remaining significantly higher are explained by the ACCC The latest available figures have been tallied into a report and there appears little relief for diesel vehicle owners., according to the ACCC. Quarterly average retail petrol prices in the five largest cities (Sydney, Melbourne, Brisbane, Adelaide […]
Strong demand for flying pushes up airfares ahead of Christmas holidays
Get ready to pay through the nose as airfares escalate to levels not seen previously as passenger demand outstrips supply If you are still planning to fly somewhere this Christmas, don’t consider that thought any further, change your oil and road-trip it or simply put your feet up. Domestic airfares have soared well above pre-pandemic […]
ACCC set to restore trust and confidence in Murray-Darling Basin water markets
The ACCC says it welcomes the Australian Government’s plan to legislate new functions for the ACCC as the water market conduct regulator in the Murray-Darling Basin. This week, the Government released the Water market reform: final roadmap report and announced its intention to implement all of the recommendations. The ‘roadmap’ built on the findings and […]
Record grain harvest in 2020-21 exposed issues with regulation of grain ports
ACCC consultation with the bulk grain export industry has shown that grower representative groups and some exporters generally support regulation of bulk grain export supply chains, but port terminal operators largely do not
Agrison to pay penalty and compensation for misleading tractor buyers
The Federal Court has ordered AA Machinery Pty Ltd (trading as Agrison) to pay a penalty of $220,000 after it admitted making false or misleading representations to customers Agrison admitted to The Federal Court misleading representations about the warranties and after-sales services, in breach of the Australian Consumer Law. The Court also ordered Agrison to […]
Decathlon welcomes resolution of labelling issue as it pays ACCC fine of $1.5 million
International sporting brand Decathlon has welcomed the resolution of its labelling issue with the Australian Competition and Consumer Commission (ACCC). The Federal Court of Australia this week handed down a fine of $1.5 million. Decathlon implemented additional Australian market focused labelling compliance and quality assurance systems across the business in 2018. “We are grateful to […]