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Olam Agri offers to divest Queensland Cotton gin to acquire Namoi Cotton
Competition & Consumer Protection 2024-09-30 1:10 pm By Cindy Cameronne

Olam Agri Holdings has offered to divest its Queensland cotton gin and a 20 per cent holding in a leading Australian cotton classing company to win approval for its takeover of Namoi Cotton.

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EnergyAustralia hit with $14M penalty for misleading consumers about prices
Competition & Consumer Protection 2024-09-26 11:13 pm By Andy Sidler

In a first, EnergyAustralia has been ordered to pay $14 million for breaching the Electricity Retail Code by misleading customers about prices.

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ACCC clears Lendlease’s $1.3B property deal with Stockland
Corporate 2024-09-26 1:52 pm By Sam Matthews

The ACCC will not oppose Lendleaseā€™s plan to sell a portfolio of residential projects to Stockland for $1.3 billion after accepting Stocklandā€™s plan to divest a project in Illawarra.Ā 

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Coles, Woolworths taken to court by ACCC over ‘illusory’ discounts
Competition & Consumer Protection 2024-09-23 2:20 pm By Christine Caulfield

Major supermarkets Coles and Woolworths have been taken to court by the consumer regulator, accused of inflating prices for short periods in order to advertise more attractive discounts.

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Captain Cook, ACCC to mediate after failed High Court appeal
Competition & Consumer Protection 2024-09-23 11:23 pm By Andy Sidler

Captain Cook College and its COO will attempt to reach an agreement on penalty with the ACCC after the High Court knocked back their appeal of a systemic unconscionable conduct finding.

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Mastercard takes swipe at use of Reserve Bank statistics in ACCC’s case
Competition & Consumer Protection 2024-09-17 11:28 pm By Christine Caulfield

Mastercard is fighting an evidentiary win for the competition watchdog in a case alleging the payments giant misused its market power in deals with major retailers.

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Judge strikes out ACCC’s entire claim against Meta over crypto ads
Competition & Consumer Protection 2024-09-06 12:25 pm By Cindy Cameronne

Over objections from the ACCC, a judge has struck out the regulator’s entire case against Meta over scam cryptocurrency ads on Facebook after it clarified that each allegedly misleading ad should be a separate contravention.

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ACCC signs off on Optus, TPG network sharing deal
Competition & Consumer Protection 2024-09-05 12:27 pm By Sam Matthews

The competition watchdog has approved a blockbuster regional network sharing deal expected to boost TPGā€™s regional coverage as well as Optusā€™ 5G rollout, after rejecting a similar deal between TPG and Telstra.Ā 

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Thresholds unveiled for ACCC review under new merger laws
Competition & Consumer Protection 2024-08-30 11:23 pm By Cat Fredenburgh

The government has revealed the thresholds for mergers that will need to be reviewed by the Australian Competition and Consumer Commission under reforms that will take effect in 2026, promising to spare small acquisitions.

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BlueScope says it ‘went close to the line’, but did not breach cartel laws
Competition & Consumer Protection 2024-08-26 11:27 pm By Sam Matthews

BlueScope Steel is seeking to overturn a record $57.5 million penalty for engaging in attempted price-fixing with flat steel distributors, telling an appeals court that it was simply trying to make its competitors understand ā€œit was in their interests to price differentlyā€.Ā 

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