Month: April 2013

Following our earlier post on the Federal Government’s nomination of ACCC Commissioners, Assistant Treasurer David Bradbury today announced that Dr Michael Schaper and Ms Sarah Court have been reappointed, and Ms Cristina Cifuentes appointed, as...

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Banks get a boost in US Libor case

April 11, 2013 | 0 Comments

On 29 March 2013, US Federal District Judge Naomi Reice Buchwald handed down a 161 page judgment dismissing a significant proportion of the class actions against banks involved in the Libor (London interbank offered rate)...

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The Coalition's NBN policy

Fibre flip-flop

April 10, 2013 | 0 Comments

On 9 April 2013, the Coalition revealed its long-awaited plan to redesign the National Broadband Network (NBN). Unsurprisingly, the policy claims to deliver broadband more quickly than under the Federal Government’s current proposal and at a...

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ACCC Chairman Rod Sims recently addressed the National Press Club (the speech is available here) on the subject of economic philosophy and the role of the ACCC in Australia’s market economy.  In addition to reviewing...

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The clearances keep coming with the Unites States, Australia, New Zealand and the European Union’s competition authorities having all unconditionally cleared the merger of two of the world’s biggest publishing houses, Penguin and Random House. ...

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CCS slams the brakes on illegal bid-rigging

April 8, 2013 | 0 Comments

Singapore’s Competition Commission (CCS) has wielded its punitive power by imposing fines on 12 different motor vehicle traders for their roles in bid-rigging of public auctions for decommissioned government vehicles between 2008 and 2011.  After...

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As we reported in January 2013, the ACCC was left a few cards short following TPG’s successful appeal of Justice Murphy’s first instance findings, with the Full Federal Court holding that only TPG’s first television advertisement...

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Whilst the Easter bunny was busy preparing for the Easter rush, Lindt was busy licking its wounds and counting its losses last Thursday, after a twelve year court battle was ended when Lindt’s final appeal...

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Vodafail

Vodafail – The saga continues…

April 4, 2013 | 0 Comments

You may remember the widespread problems Vodafone customers experienced in 2010 – 2011.  More than 23,000 customers complained of call drop outs, slow internet performance and poor reception.  This incident resulted in the birth of...

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consumer guarantees

Calling all Consumers – it is your day!

April 3, 2013 | 0 Comments

Friday, 15 March 2013 was ‘World Consumer Rights Day.’  On this day, Chairman of the Australian Competition and Consumer Commission (ACCC), Rod Sims, took the time to restate the ACCC’s commitment to championing the rights...

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