The ACCC has issued the following media releases:

Mergers and acquisitions

ACCC to not oppose Westpac's proposed acquisition of Lloyd's assets

The ACCC will not oppose the proposed acquisition of certain assets of Lloyds International Pty Ltd including Capital Finance Australia Limited and BOS International (Australia) Limited by Westpac Banking Corporation (Westpac). Westpac (through its subsidiary St. George) and Lloyds (through CFAL) compete in the supply of floor-plan financing to motor vehicle dealerships, point-of-sale retail finance to customers of motor vehicle dealerships and equipment finance to a range of businesses. Click here for more

ACCC calls for comment on BlueScope Steel's proposed acquisition of Fielders Australia

The ACCC has released a Statement of Issues on the proposed acquisition of Fielders Australia Pty Ltd by BlueScope Steel Ltd. BlueScope, through its subsidiary Lysaght, and Fielders compete in the manufacture and supply of roll formed products. In addition, BlueScope is the only domestic manufacturer of steel coil, which is the key input in the roll forming manufacturing process. Click here for more

ACCC not to oppose BlueScope Steel Ltd's proposed acquisition of Orrcon Steel

The ACCC will not oppose BlueScope Steel Ltd's proposed acquisition of the Orrcon Steel business from Hills Holdings Limited. Orrcon manufactures pipe and tube products at its facilities in Queensland and South Australia, and distributes through 12 sites across Australia. Click here for more

ACCC releases SoI on proposed acquisition of St Kilda Supa IGA by Woolworths

The ACCC has released a Statement of Issues (SOI) regarding the proposed acquisition of the St Kilda Renaissance Supa IGA by Woolworths Limited. The target supermarket is located at 64 Fitzroy Street in St Kilda, Victoria. The SOI seeks more information on competition issues that have arisen from the ACCC's public review. Click here for more

Market behaviour

ACCC appeals ANZ Bank decision

The ACCC has appealed against the recent decision by Justice Dowsett in the Federal Court dismissing the ACCC's allegations that Australia and New Zealand Banking Group Limited (ANZ) had breached the price fixing provisions of the Trade Practices Act 1974, now Competition and Consumer Act 2010. The ACCC had alleged that in 2004 ANZ had required Mortgage Refunds Pty Ltd to agree to limit the amount of the refund it could provide to its customers in respect of arranging ANZ home loans. Click here for more

Coles and Woolworths undertake to cease supermarket subsidised fuel discounts

The ACCC has accepted undertakings from each of Coles and Woolworths that they will each voluntarily cease making fuel saving offers which are wholly or partially funded by any part of their business other than their fuel retailing business, and will in addition limit fuel discounts which are linked to supermarket purchases to a maximum of 4 cents per litre. The ACCC has been conducting an investigation into whether fuel saving offers issued by major supermarket chains (sometimes referred to as "shopper dockets") were causing a substantial lessening of competition in markets for the retail sale of fuel. Click here for more

ACCC takes action regarding laundry detergent

The ACCC has filed civil proceedings, in the Sydney registry of the Federal Court of Australia, in relation to agreements it alleges were reached in relation to moves to a more concentrated formulation. Click here for more

Access

ACCC releases draft report on regulation of access to mobile networks

The ACCC has released a report of its draft decision to continue regulating the termination of calls on mobile phone networks. It is also proposing to regulate the termination of SMS messages for the first time. The ACCC is required to review the scope of its regulation of the mobile terminating access service (MTAS) before June 2014. The last review was conducted in 2009. Click here for more

Consumer issues

ACCC takes action regarding warranty marketing

The ACCC has filed legal proceedings in the Federal Court against Fisher & Paykel Customer Services Pty Ltd and Domestic & General Services Pty Ltd for making allegedly false or misleading representations concerning consumers' rights under the statutory guarantee regime in the course of offering an extended warranty. Click here for more

Harvey Norman franchisees pay for misleading consumers

The Federal Court has ordered four Harvey Norman franchisees to pay a total of NZ$116,000 in civil pecuniary penalties for making false or misleading representations to customers regarding consumer guarantee rights. Click here for more