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Mastercard's APAC head was "perfectly comfortable" with the threat of removal of discounted interchange rates to cut a deal with Coles to route transactions through its payment network, a court has heard.
Trial begins Tuesday in the consumer regulator's case against Woolworths over alleged dodgy discounts, with the supermarket chain set to argue there was nothing phony about its 'Prices Dropped' campaign.
A recent decision from the International Court of Justice on states' climate change obligations is likely to spark disputes on directors' climate obligations and more greenwashing claims, a new report from the recently appointed solicitor general has found.
Former ACCC chair Allan Fels says the competition regulator appears to have a strong misuse of market power case against Mastercard, but noted the credit card giant may raise arguments about two-sided markets in defending the claims.
Mastercard has hit back at the ACCC’s claims that it sought to prevent competition with EFTPOS through strategic agreements with large retailers, saying the deals were struck for “benign and pro-competitive” reasons.
The High Court has thrown out Victoria's $4,970 cap on political donations months ahead of the next state elections, finding the law is unconstitutional and unlawfully benefits the major parties.
Mastercard executives who claim they had no anti-competitive purpose when pursuing agreements with retailers to favour its network are expected to face cross-examination about responses given to the Reserve Bank about its least cost routing initiative.
Mastercard made ‘strategic’ agreements with large retailers like Coles and David Jones to keep them from routing through EFTPOS, offering discounted exchange rates that left smaller businesses footing the bill, the ACCC told the court on the first day of trial.
A leading competition law barrister has been appointed as the federal government’s chief legal advisor, with the government’s kids social media ban and attacks on hate speech laws to be among her early challenges.
A judge has struck out claims against Google’s parent company Alphabet in a class action alleging the digital giant abused its dominance in digital advertising, finding they were "ambiguous".