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The Australian Competition and Consumer Commission will review the proposed $1.3 billion sale of milk processor Murray Goulburn Cooperative to Canada’s dairy giant, Saputo.
Cement Australia must pay ACCC legal bill
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Cement Australia will have to foot most of the Australian Competition and Consumer Commission’s appeal bill, despite the regulator coming up short in its bid to have a penalty against the cement giant for alleged anti-competitive conduct increased by $80 million.
Australian Olympic Committee loses fight over Telstra’s Rio ads
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The Australian Olympic Committee lost its challenge to a court ruling that found for Telstra in a consumer and intellectual property battle over the company’s ‘Go to Rio’ ad campaign.
ACCC sees no problem with $54B Essilor, Luxottica tie-up
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French optical lenses giant Essilor has secured the blessing of the Australian competition regulator for its $54 billion merger with the world’s largest supplier of eyewear, Italy’s Luxottica Group.
Borg gets ACCC green light to buy plants from timber giant
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Building materials manufacturer the Borg Group has been given the all-clear by the competition regulatory to buy two plants from Australia’s largest supplier of wood products.
Judge fines computer shop $750k for misleading consumers
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A federal court judge has ordered Australian computer retailer MSY Technology to cough up $750,000 for misrepresenting consumers rights to remedies on faulty products.
ACCC puts companies on notice with guidance
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The competition watchdog has released anticipated guidelines on the new reforms to competition law passed last week, with businesses now on notice that non compliance is not an option.
Trial postponed in ACCC case against Apple
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The trial in the consumer regulator’s case against Apple alleging iPhone and iPad users were misled about their rights has been put on hold to give both sides more time.
Commission calls for product safety law overhaul
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A new report calls for an overhaul of mandatory product standards, saying reforms would increase competition and lead to annual savings of $350 million.
ASIC, banks delay rate rigging trial again as talks continue
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The trial against three of Australia’s biggest banks over alleged interest rate rigging was pushed back again on Wednesday after lawyers for National Australia Bank and Australia and New Zealand Banking Group told the Federal Court they were still in settlement talks with the securities regulator.