Wednesday, 19 June 2019 Sydney

Invest In Australia Blog::

  • Digital giants’ buy-up of start-ups poses challenges for merger laws

    Competition regulators world-wide are grappling with the rise of dominant digital platforms like Facebook and Google, and are debating whether current competition laws need to be reframed in response, ACCC Chair Rod Sims said in a speech today.

    Speaking at the 2019 Competition Law Conference in Sydney, Mr Sims noted a global discussion among anti-trust authorities on how should they respond to acquisitions by big digital platforms of start-ups that, while small, may evolve into significant competitors.

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  • Labor’s Alternative Budget challenge

    When Rebecca White makes her budget reply in Parliament next week there will be nowhere to hide for a fence-sitting, policy-free Labor Party.

    After another year of being all complaints and no solutions, Labor must finally be honest with Tasmanians on what their policies are, what those policies would cost, and which projects and services that the Hodgman Liberal Government is delivering would they cut to pay for them.

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  • Appeal in laundry detergent cartel case unsuccessful

    The Full Court of the Federal Court has dismissed the ACCC’s appeal against a ruling that there was insufficient evidence to find that PZ Cussons Australia (Cussons) engaged in cartel behaviour in the laundry detergent market.

    “We took this action because the alleged conduct related to an essential household product that is frequently purchased and used by Australian consumers,” ACCC Chair Rod Sims said.

    “The ACCC takes cartel conduct extremely seriously, due to its impact on consumers and the wider economy.”

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  • International competition regulators sign new competition framework

    The ACCC has joined the International Competition Network’s ‘Framework on Competition Agency Procedures’ (CAP) alongside more than 60 other global agencies.

    The CAP provides a multilateral framework that promotes procedural fairness in relation to the way regulators conduct competition investigations and enforcement.

    “This framework promotes cooperation and the exchange of experience between competition authorities around the world on the important issue of procedural fairness,” ACCC Chair Rod Sims said. 

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  • 2019-20 Budget: $16 million upgrades to the West Coast Wilderness Railway

    The Hodgman Liberal Government’s 2019-20 State Budget is about maintaining the momentum and investing for growth, including in our key tourism infrastructure.

    The Budget includes a substantial investment of $16 million over four years to support the West Coast Wilderness Railway, a key tourism drawcard for the West Coast and North West.

    The investment will include substantial upgrades to the railway’s infrastructure and expand capacity with new rolling stock.

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  • Kogan in Court for alleged false or misleading discount advertisements

    The ACCC has instituted proceedings against Kogan Australia Pty Ltd (Kogan) in the Federal Court alleging that Kogan made false or misleading representations about a 10% discount promotion, in breach of the Australian Consumer Law.

    Between 27 and 30 June 2018, Kogan ran an online promotion where consumers could obtain a 10% discount on most of its products by using the discount code “TAXTIME”.  The promotion was held ahead of the end of the 2017/18 financial year.

    Kogan published this promotion on its website and via text messages and emails to consumers.

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  • New guide for fixed wireless broadband customers

    The ACCC has today published advice for NBN fixed wireless customers experiencing broadband speed problems, and has updated its guidance for retailers about how to advertise broadband speed claims.

    Customers on fixed wireless networks, many living in regional and rural areas, are still facing broadband congestion during the busy evening period, and many fixed wireless broadband customers are not getting speeds anywhere near the maximum advertised in their plan.

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  • Tasmanian construction and building industry leads the nation

    According to the latest ABS figures released today, Tasmania recorded the strongest growth in the construction and building sector in the year to March 2019.

    This is fantastic news, and confirms the Hodgman Liberal Government’s initiatives to help build intergenerational infrastructure and increase housing supply are working.

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  • Cherbourg community stands against unlawful door-to-door traders

    New roadside signage in the Aboriginal community of Cherbourg in southern Queensland is reminding door-to-door traders about their legal obligations under the Australian Consumer Law.

    The community today launched the ‘Do Not Knock informed’ communities program, a joint initiative between the Cherbourg Aboriginal Shire Council, the ACCC and the Queensland Office of Fair Trading (QOFT).

    The signage, located at the entrance to Cherbourg, reminds door-to-door traders that they must not approach houses displaying do-not-knock notices.

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  • APLNG’s acquisition of Origin’s Ironbark project not opposed

    The ACCC will not oppose Australia Pacific LNG’s (APLNG) proposed acquisition of the Ironbark coal seam gas project from Origin Energy (Origin).

    APLNG is a large gas producer with significant gas tenements in eastern Australia. It supplies almost 30 per cent of the gas going into the east coast market, and processes the balance of its gas for export at its LNG facility near Gladstone, Queensland.

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