ACCC

Qube’s proposed acquisition of the Melbourne International Roro & Auto Terminal could prevent rivals from competing effectively, the ACCC has said.

Coles and Woolworths have hit back at the ACCC’s claims they advertised “illusory” discounts, pointing the finger at inflation and higher supply costs.

The court has rejected Mastercard’s bid to appeal an evidentiary win for the ACCC in the regulator’s misuse of market power case against the payments giant.

The Good Guys has admitted 21,000 customers were not provided with store credit within the timeframe specified in promotions, but denies the most customers never received the promised credit.

The federal government’s bill to overhaul the merger review regime has been welcomed by the regulator, but competition lawyers have warned the clearance process under the reforms will prove more challenging. 

The Treasurer is expected to introduce legislation on Thursday that will mandate review of mergers above a certain monetary threshold and tie-ups deemed “high risk”.

A court has approved a $100 million penalty and another $20 million payment in compensation for Qantas customers after the airline admitted to selling tickets on cancelled flights.

Coles and Woolworths may be hit with class actions for allegedly misleading customers with false discounts.

The federal government has vowed to fight shrinkflation by strengthening the Unit Pricing Code and introducing “substantial penalties” for non-compliance.

Drug supplier Sigma Healthcare has offered an undertaking in a bid to allay the competition regulator’s concerns about its proposed merger with Chemist Warehouse.