Saturday, 25 November 2017 Sydney

Invest In Australia Blog::

  • ACCC decides interim authorisation not needed for Port of Brisbane and Carnival

    The ACCC has decided not to grant interim authorisation to the Port of Brisbane and the cruise ship operator Carnival for their proposed licence agreement relating to a proposed new cruise ship terminal.

    “The decision was based on there being no conduct to which the interim authorisation would apply. It does not involve any assessment of the merits of the application for final authorisation,” ACCC Commissioner Roger Featherston said.

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  • ACCC inquiry into NBN Wholesale service standards

    The ACCC has today announced a public inquiry to determine whether NBN wholesale service standard levels are appropriate, and to consider whether regulation is necessary to improve customer experiences.
    The inquiry will focus on the ability to enforce appropriate service standard levels at a wholesale level, including redress arrangements when consumers seek compensation at a retail level when those wholesale standards are not met.
    “We are very concerned about the high number of complaints from consumers around poor customer experiences, particularly in relation to customers connecting to NBN services and having faults repaired,” ACCC Chairman Rod Sims said.

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  • ACCC welcomes 5G but flags competition issues

    The ACCC is rethinking the way it approaches spectrum competition issues ahead of the upcoming 5G auction, ACCC Chairman Rod Sims said today.

    At the RadComms conference in Sydney today, Mr Sims also urged government to take a long-term, consumer-centric approach to spectrum allocations.

    “Traditionally, the ACCC has sought to prevent dominance of spectrum by any one licensee in particular bands. However, we are rethinking this approach,” Mr Sims told the conference.

    “Instead, and this is a key point, we want to consider spectrum holdings holistically rather than in particular bands.”

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  • Recent new entrants will increase competition at container ports

    The ACCC’s annual Container Stevedoring Monitoring Report has stated that while stevedoring operating profits per TEU have risen by over 25 per cent in 2016-17, competition levels are set to increase as there are now three stevedores competing at the nation’s three largest container ports.

    “Competition has significantly increased in recent years with the introduction of a third stevedore in Sydney and Brisbane, and now we can add Melbourne to that list. As such, we expect to see greater levels of price competition as new entrants and incumbents compete for market share,” ACCC Chairman Rod Sims said.

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  • ACCC releases updated Media Merger Guidelines

    Following recent reforms to media ownership laws, the ACCC has released its updated Media Merger Guidelines.

    The revised guidelines detail the ACCC’s approach to media merger reviews and outline areas of potential focus, including the role of premium content, diversity in the Australian media landscape, and the impact technological change and innovation is having on the media industry more broadly.

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  • ACCC won't oppose proposed Essilor and Luxottica merger

    The ACCC has decided to not oppose the proposed merger between Essilor International (Essilor) and Luxottica Group S.p.A. (Luxottica).

    In Australia, Essilor mainly sells wholesale finished ophthalmic lenses, used to correct visual impairments. Luxottica largely supplies wholesale prescription frames and sunglasses, including such brands as Ray-Ban, Oakley and Prada. Luxottica also has retail outlets, such as OPSM and Laubman & Pank. 

    “As Essilor and Luxottica mostly supply products at different stages of the supply chain, there is minimal direct competitive overlap between the two parties,” ACCC Commissioner Roger Featherston said.

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  • ACCC won't oppose Borg, CHH Panels proposed acquisition

    The ACCC will not oppose the Borg Group’s (Borg) proposed acquisition of Carter Holt Harvey Pinepanels’ (CHH Panels) Mount Gambier and Oberon particleboard plants.

    CHH Panels is a significant supplier of raw particleboard, particleboard flooring and value-added particleboard, and supplies competitors to Borg, including various downstream manufacturers, distributors and wholesalers of particleboard products. The Mount Gambier plant produces raw particleboard, particleboard flooring and low pressure melamine (LPM) commodity particleboard. The Oberon plant produces particleboard flooring.

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  • New approach for truck drivers to claim their meal expenses

    The ATO has today announced it has reinstated the meal-by-meal approach for truck drivers who claim travel expenses for meals, after consulting closely with industry.

    The meal amounts have been published in a revised Taxation Determination and provide separate amounts for each meal.

    The reasonable amounts are $24.25 for breakfast, $27.65 for lunch and $47.70 for dinner. The amount for each meal is separate and can’t be combined into a single daily amount or moved from one meal to another.

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  • Electronic tendering option to help business

    Tasmania’s 36,000 small businesses are the engine room of the State’s economy and employ more than 100,000 people. The Hodgman Liberal Government wants to grow that number by 10%, or 10 000 Tasmanian workers, by 2022.

    One way to do this is to make it easier for Tasmanian businesses to bid for and win government contracts, and a re-elected majority Liberal Government will set a target of 90% of contracts going to Tasmanian-based companies by 2022.

    Our Local Benefits Test is working, with 81% of government contracts now won by Tasmanian-based business – up from 63% when we came to office – but there is more work to do.

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  • Two Wells To Whyalla: The First Regional Economic Corridor

    The 340km stretch between Two Wells and Whyalla is South Australia’s first designated Economic Corridor, becoming a focal point for increased employment and investment.

    Regional Development Minister Geoff Brock launched the Two Wells to Whyalla (2W2W) compendium at the 2017 Sustainable Economic Growth for Regional Australia (SEGRA) conference in Port Augusta today.

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