The federal government will take on $50 million of Rex Airlinesā debt to keep the troubled regional carrier flying. Transport minister Catherine King said Thursday the government would acquire the $50 million debt of the airlineās largest creditor, PAGAC Regulus Holdings Limited, saying the support was needed to ensure service continues to Australiaās regional communities.…
After 30 years at the Australian Competition and Consumer Commission, the watchdog’s CEO will take the reins as chief of the corporate regulator.Ā
The ACCC has slapped fibre network provider Uniti with binding rules of conduct to ensure reasonable terms for retailers, invoking its powers under the telecommunications law for only the second time.
The Australian Competition and Consumer Commission has warned new gas production is “not being brought online fast enough” and called for measures to smooth the transition of the energy and has markets.
The Full Court has rejected wealth guru Dominique Grubisa’s argument that a judge who slapped her and her company with a $6 million penalty wrongly confused the ordinary consumer with āthe most ignorantā.
Over objections from the Law Council, the ACCC has updated its cartel immunity policy to bar lawyers for companies seeking immunity from interviews with applicants for derivative immunity.
The competition regulator plans to block a group of Catholic hospital operators from collectively boycotting large private health insurers in the event funding negotiations fail.
The ACCC alleges Mobil Oil breached consumer laws by falsely claiming it was selling a specific brand of fuel at six Far North Queensland stations.
Online florist Megās Flowers has been hit with a $1 million penalty for falsely claiming on websites and online ads that it was a local florist.
Facilities services companies Spotless and Ventia and four executives have been taken to court by the competition watchdog, accused of fixing prices on Defence contracts.