Sector: Financial services

InCompetition | penalty units

Penalty units balloon

July 26, 2021 | 0 Comments

Commonwealth penalty units increased on 1 July 2020 for the first time in three years....

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The definition of ‘consumer’ has been amended to cover purchases up to $100,000 (up from $40,000), with effect from 1 July 2021....

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ASIC has released an interim report prepared by Deloitte Access Economics reviewing competition in the Australian managed funds industry, finding that the industry is competitive and highlighting areas for improvement. The review is the...

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Not just digital platforms

February 24, 2021 | 0 Comments

ACCC announces 2021 Compliance and Enforcement Priorities...

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Reform to the UCT framework is on the horizon and Treasury recommends that UCTs attract civil pecuniary penalties...

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ACCC moves quickly to provide immunity for coordination during COVID...

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ACCC Chair Rod Sims announced the ACCC’s 2020 compliance and enforcement priorities during his annual speech at the Committee for Economic Development of Australia on 25 February 2020....

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ACCCount on me, says the ACCC

February 19, 2020 | 0 Comments

ACCC publishes report on activities for the last quarter of 2019, highlighting the regulator’s key wins, decisions and inquiries in the period...

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The ACCC has published its 2018/19 Annual Report, providing us with an in-depth look at its operations for the year....

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Banking inquiry

ACCC banking on further inquiry

October 8, 2019 | 0 Comments

Regulator pushing for inquiry into competition in retail banking...

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