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Banking sector build-up begets new laws on price signalling

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • December 17 2010

In the context of recent political debate about the state of competition in Australia's banking sector and in answer to a perceived gap in Australia's cartel laws, in the last month, we have seen the release of two separate but similar bills for proposed Federal legislation seeking to target "price signalling"

Price signalling to be prohibited in the banking sector

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • February 15 2012

The prohibition against price signalling has now passed both houses of parliament and will come into force on 6 June 2012

No going back: pricing signalling in the banking sector illegal from 6 June 2012

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • June 4 2012

Pursuant to the Competition and Consumer Amendment Regulation 2012 (Regulation), made on 24 May 2012, pricing and other competitively sensitive disclosures made by Australian banking businesses have now been officially singled out as requiring exceptional scrutiny

No going back: pricing signalling in the banking sector illegal from 6 June 2012

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • June 7 2012

Pursuant to the Competition and Consumer Amendment Regulation 2012, made on 24 May 2012, pricing and other competitively sensitive disclosures made by Australian banking businesses have now been officially singled out as requiring exceptional scrutiny