Tag: ACCC

Petrol prices highest in more than a year in December quarter

According to the Australian Competition and Consumer Commission (ACCC), the December quarter 2016 had the highest quarterly average petrol prices since the June quarter 2015. This coincided with unprecedented growth in popularity of...

Plans to cease tobacco supply to suspected illicit traders questioned

The ACCC is proposing to deny authorisation to British American Tobacco, Imperial Tobacco and Philip Morris to jointly halt tobacco supply to retailers or wholesalers they believe are supplying illicit tobacco. The three...

Woolworths-BP deal set to shake up P&C landscape

The $1.785 billion sale of Woolworths’ fuel business to BP is awaiting approval from the ACCC and Foreign Investment Review Board, with completion expected no earlier than January 2, 2018. Meanwhile, the...

ACCC petrol prices report shows decrease

The ACCC’s eighth quarterly report into the petroleum industry reveals a decrease in petrol prices for the quarter ending in September. Petrol prices in the five largest cities decreased by 3.8¢ per litre...

ACCC proposal on Apple Pay bad for retailers, says ARA

The ACCC has proposed to deny authorisation for a number of Australian banks to engage in limited collective bargaining and boycott with Apple in relation to Apple Pay. Bendigo and Adelaide Bank, Commonwealth...

ACCC acts on fire-hazard cigarettes

The ACCC has accepted court-enforceable undertakings from both Philip Morris and Zen Sensation not to supply cigarettes that do not meet the mandatory reduced-fire-risk safety standard. Cigarettes sold in Australia must meet the...

Armidale petrol market lacks sufficient competition

Relatively weak retail competition in Armidale has contributed to the increase in retail margins and profits in recent years, according to the latest regional petrol report from the Australian Competition and Consumer...

ACCC advises franchising industry to consider its agreements

The Australian Competition and Consumer Commission is warning franchisors about potentially unfair contract terms under a new law offering greater protections to small businesses from November 12, 2016. ACCC Deputy Chair Dr Michael...
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