Tag: ACCC

April petrol prices plummeted to record lows

Media Release 6 July, 2020 A global crude oil surplus and COVID-19 restrictions on travel and economic activity led to the lowest monthly average petrol prices on record during April 2020 in Australia’s...

NRA welcomes rent relief measures

MEDIA RELEASE 3 July 2020 The National Retail Association (NRA) has welcomed the ACCC announcement proposing to grant authorisation for NRA members to engage in information sharing and, in the case of tenants, collective...

The Dairy Code of Conduct

The ACCC is not only closely monitoring the introduction of the new mandatory dairy code of conduct, but is ready to take enforcement action where appropriate. Part of the dairy code requires processors...

Queensland Yoghurt fails to disclose gelatine ingredient

The Queensland Yoghurt Company Pty Ltd (QYC) has paid a penalty of $12,600 after being issued with an infringement notice, for allegedly misleading consumers by omitting gelatine as an ingredient. The ACCC alleges...

The very bad, and some good, from COVID-19

Media Release The COVID-19 pandemic is dramatically changing the global economic landscape and causing severe disruption to Australian small businesses, ACCC Chair Rod Sims said today. “Many small businesses are doing it tough, and...

7-Eleven granted authorisation to alter trading hours

Due to reduced customer demand, 7-Eleven and its franchisees have been granted conditional interim authorisation to discuss potential temporary store closures, or reduced trading hours. 7-Eleven owns and operates stores in competition with...

Retailers to collectively negotiate rent relief during COVID-19

By Marcela Araneda Retailers can now collectively bargain with landlords about rent relief during the COVID-19 pandemic after the ACCC granted interim authorisation to the Australian Retailers Association (ARA) and its current and...

Motorists should benefit from falling oil prices

Petrol retailers, says the ACCC, should not use the current pandemic to further increase profits. Instead, they should pass on the full benefit of falling oil prices to motorists. According to the ACCC,...
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