Sector: Financial services

The ACCC’s Annual Report: The Year in Review

October 25, 2018 | 0 Comments

Still much work to be done...

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On 22 March 2018, Dowsett J delivered judgment on penalties in ASIC v Cassimatis, the long running litigation related to the collapse of Storm Financial. The judgment provides interesting insights as to the Court’s...

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With Federal Parliament already considering increases to the maximum pecuniary penalties for non-compliance with certain sections of the Australia Consumer Law (ACL) (see our article here), a Bill to implement other changes to ACL was...

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With housing affordability remaining a persistent headline issue, and following sustained regulatory scrutiny into Australia’s financial system generally, the ACCC’s preliminary findings on the pricing of residential mortgage products have been highly anticipated by borrowers...

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February was a frenetic month: the ACCC released its 2018 priorities, two Bills on the ACL were released and the Productivity Commission released its draft report on competition in the Australian Financial System....

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The ACCC’s priorities for 2018

January 12, 2018 | 0 Comments

ACCC Chairman Rod Sims has foreshadowed a busy year with criminal cartel actions and a focus on financial services....

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How amendments to the regulation of EFTPOS surcharges will affect both businesses and consumers in Australia...

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New car industry in the ACCC’s headlights

January 8, 2018 | 0 Comments

The ACCC’s latest market study recommends that changes be made to improve consumer outcomes in the new car retailing industry...

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Sims’ spotlight on banks, NBN, cars

August 31, 2017 | 0 Comments

ACCC Chairman Rod Sims has recently made statements that shed light on the ACCC's enforcement priorities for 2017 and his views on his legacy....

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The ACCC will monitor residential mortgage pricing and the extent to which banks seek to pass on the costs of the Federal Government’s proposed bank levy...

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