The ACCC has issued the following media releases:
Industry regulation and regulatory control
ACCC Chairman provides an overview of priorities
ACCC Chairman Rod Sims provided an overview of ACCC priorities in an address to the Law Council of Australia's AGM. In relation to infrastructure regulation, the ACCC is a multi-sector regulator working on issues relating to water, communications, wheat ports and rail infrastructure. In its regulatory work, the ACCC is concerned with facilitating enhanced competition, in upstream or downstream markets, and our regulatory objective is to work in the long term interests of consumers or end users. Mr Sims outlined the main priorities in each sector that the ACCC regulates.
ACCC conditionally reauthorises Virgin and Air New Zealand trans-Tasman alliance
The ACCC has issued a final determination granting conditional authorisation until 31 October 2018 for Virgin Australia and Air New Zealand Limited to continue their trans-Tasman alliance. Authorisation is to commence on 1 January 2014, following the expiration of the existing authorisation.
Mergers and acquisitions
ACCC to not oppose the proposed acquisition by Woolworths of three Queensland Supa IGAs
The ACCC has announced that it will not oppose the proposed acquisition by Woolworths Limited (Woolworths) of three Supa IGA supermarkets, located in Queensland.
ACCC will not oppose proposed global acquisition of Gambro by Baxter following divestiture remedy
The ACCC has announced that it will not oppose the proposed acquisition of Gambro AB by Baxter International Inc. after accepting an undertaking from Baxter to sell part of its Renal Replacement Therapy business.
ACCC not to oppose Air New Zealand's proposed acquisition of 6% of Virgin
The ACCC has announced that it will not oppose the proposed acquisition by Air New Zealand Limited of an additional six per cent of Virgin Australia Holdings Pty Ltd.
ACCC concerned about escalating shopper docket discounts
ACCC Chairman Rod Sims today expressed significant and further concern about the escalating shopper docket petrol discounts, now reaching 45 cents per litre in some cases. Mr Sims addressed the Australian Institute of Company Directors' Leaders Edge Lunch in Melbourne. "The ACCC has previously signalled its concerns about the impact of shopper docket petrol discounts by Coles and Woolworths on the competitive process," Mr Sims said.