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Showing 1 - 10 of 217 results for "Australian Competition"

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... where the regulator decides that they don't raise any competition concerns. The average period for the Australian Competition and Consumer Commission (ACCC) to process merger authorisations has been 171 days. Chalmers and Leigh added that they plan to ...

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... banking, credit, insurance, superannuation, investment, payments, and capital market entities. ASIC, APRA, the Australian Competition and Consumer Commission (ACCC), Reserve Bank of Australia (RBA), and Australian Taxation Office (ATO) will all be part ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... banking arm given the go-ahead. The decision to authorise the takeover was handed down this morning by the Australian Competition Tribunal (ACT), despite initially being blocked by the Australian Competition and Consumer Commission (ACCC) in August last ...

Government proposes framework for clearing and settlement services regulation

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
... mandates that the minister must consult and consider advice from financial regulators including ASIC, the Australian Competition and Consumer Commission (ACCC), and the Reserve Bank of Australia (RBA). The public consultation process for this exposure ...

Former UniSuper chief appointed to CSLR board

ANDREW MCKEAN  |  TUESDAY, 16 JAN 2024
... accompanying O'Sullivan on the CSLR board is AFCA's Delia Rickard, she was previously deputy chair of the Australian Competition and Consumer Commission. The finalisation of the board awaits the appointment of an independent chair by the government. ...

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
... mergers that don't deliver benefits to consumers, workers and the wider economy." Additionally, the Australian Competition and Consumer Commission (ACCC) has also raised concerns about Australia's merger regime. According to the consultation ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... that all efforts are made to eliminate attempts of wrongdoing," Motto said. It appears that ASIC and the Australian Competition and Consumer Commission (ACCC) would be only parties able to bring an action under certain provisions of the Corporations ...

ANZ breached disclosure laws in 2015 raise: Court

CHLOE WALKER  |  MONDAY, 16 OCT 2023
... shortfall when raising $2.5 billion from institutional investors. The finding follows the failure of the Australian Competition and Consumer Commission's criminal case against ANZ and its underwriters last year. Federal Court Justice Moshinsky said that ...

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
... scheduled for release on Monday, pending confidentiality checks with the concerned parties. According to Australian competition law, if the ACCC decides not to grant authorisation, the decision can be reviewed by the independent Australian Competition ...

ACCC publishes draft guidance on greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2023
The Australian Competition and Consumer Commission (ACCC) has outlined eight principles designed to combat greenwashing by businesses and protect consumers. The ACCC has published a draft guidance to address "concerning conduct" arising from a recent ...
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