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The Albanese government has vowed to ban price-gouging by supermarkets if reelected, despite the Australian Competition and Consumer Commission's supermarkets inquiry finding no evidence of excessive pricing.
The ACCC has found Coles and Woolworths operate as an oligopoly with "little incentive" to compete but has stopped short of recommending a break-up or similar strong measures, saying there is no "silver bullet".
The Australian Competition and Consumer Commission has cleared Vocus' proposal to acquire parts of TPG Telecom’s business for $5.25 billion, finding the combined entity would face strong competition from other telecoms.
Construction PRO
ExxonMobil Australia and Woodside Energy have approved a final investment for a project to drill new wells offshore in Victoria's Gippsland Basin.
The Albanese government has pledged to extend unfair trading practice protections under the Australian Consumer Law to small businesses.
The competition watchdog has raised concerns with stevedoring company DP World Australia’s proposed $174 million acquisition of logistics provider Silk, saying it may lead to higher prices.
The Port of Newcastle has lost its bid to move a lawsuit filed by Glencore Coal over $870,000 in alleged overcharged shipping fees to the Federal Court.
The ACCC has issued guidance on the transition to its new mandatory merger control regime, warning businesses to make requests for informal reviews under the old regime soon or risk running out of time.
Online flight bookings service Webjet has agreed to cop a $9 million penalty for misleading air travelers about prices and bookings, just months after the consumer cop took it to court.