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Showing 11 - 20 of 257 results for "ACCC"

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... said fund managers "need to tread with care" when it comes to using and assessing indexes as part of fund construction. "The ACCC have recently released draft guidelines on environmental and sustainability claims," Higgins noted. "One of the many issues ...

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
The Australian Consumer and Competition Commission (ACCC) has declined ANZ's $4.9 billion bid to acquire Suncorp Group's banking arm, citing concerns around competition and potential consumer detriment. The regulatory body said it remains unsatisfied ...

ACCC publishes draft guidance on greenwashing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 The ACCC has published a draft guidance to address "concerning conduct" arising from a recent ...

ANZ reaches agreement with QLD government over Suncorp

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
... step in ANZ's plan to acquire Suncorp Bank despite concerns raised by the Australian Competition and Consumer Commission (ACCC). Under the implementation agreement, ANZ will establish a new major tech hub in Brisbane for technology specialists in digital ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... executive, confirming their compliance. Meanwhile, Suncorp today announced its official response to the preliminary views of the ACCC regarding the proposed sale of Suncorp bank to ANZ. Suncorp group executive Steve Johnston expressed confidence in the ...

Heatmaps drive efficiencies, more consolidation: Cole

CHLOE WALKER  |  FRIDAY, 2 JUN 2023
... and member accounts. Cole said she often discusses this issue with other agencies, particularly with her counterpart at the ACCC. "At a high level, we've talked about whether what we see at the moment for the direction of travel in the super landscape ...

Treasury proposes upping supervisory levies

ANDREW MCKEAN  |  FRIDAY, 26 MAY 2023
... deficiencies in trustee practices. Meanwhile, the total levy funding requirement for Commonwealth agencies such as ASIC and the ACCC was completely eliminated from the 2023-24 Budget, accounting for a $3.6 million reduction in the total financing required. ...

Government targets ASX dominance

ANDREW MCKEAN  |  FRIDAY, 24 MAR 2023
... Australia (RBA) will be granted powers to set rules for the conduct of clearing and settlement service facilities. Meanwhile, the ACCC will have the ability to make binding arbitration decisions to resolve disputes related to access to clearing and settlement ...

Giving hope: Recent regulatory wins

ANDREW MCKEAN  |  TUESDAY, 21 MAR 2023
... every additional $5000 in income until it reaches zero for families earning $530,000. To further improve affordability, the ACCC will conduct an inquiry into the drivers of prices, which will complement a review into the productivity of the sector. To ...

ACCC blitzes social media influencers

ANDREW MCKEAN  |  MONDAY, 30 JAN 2023
The Australian Competition and Consumer Commission (ACCC) has targeted social media influencers who use misleading testimonials and endorsements. The ACCC said it's "sweeping" more than 100 social media influencers from over 150 consumer tip-offs for ...