Tag: ACCC

CDR fines hit limits of foreign firms

Posted on   |  by Joseph Brookes
Global banking giant HSBC has avoided a hefty fine despite allegedly sending inaccurate and incomplete data through Australia’s budding economy-wide data sharing scheme. The bank paid penalties of $33,000...

ACCC probes AI impact on uncompetitive search market

Posted on   |  by Joseph Brookes
Google’s dominance of internet search and the potential of artificial intelligence to disrupt or entrench it will go under the microscope in the competition watchdog’s second inquiry of the...

Scam crackdown bearing fruit

Posted on   |  by Joseph Brookes
Reported scam losses are down more than 40 per cent after industry teamed with regulators and law enforcement to combat stings last year, as the consumer regulator pushes for...

Treasury to move on big tech gatekeepers

Posted on   |  by Joseph Brookes
Treasury will soon open a consultation process on the government’s plan to crack down on anti-competitive conduct by digital platforms with what is expected to be an ex ante...

Big Tech facing ex ante competition regime in Australia

Posted on   |  by Justin Hendry
Amazon, Apple, Google and other Big Tech companies face the prospect of an EU-style ex ante digital competition regime in Australia after the federal government agreed to progress work...

Digital ID legislation unveiled with $146m top-up

Posted on   |  by Joseph Brookes
Legislation introduced on Thursday by the government will regulate and expand its digital identity scheme, including allowing states and the private sector to participate, while another $145.5 million in...

ACCC pushing for competition reform to manage Big Tech risk

Posted on   |  by Brandon How
The expansion of Google, Amazon, Apple, Meta, and Microsoft into emerging technologies and other interconnected products is increasing the risk of competition and consumer harm, according to the Australian...

Do mergers result in a less dynamic economy?

Posted on   |  by David Havyatt
The Executive Summary of the Treasury Consultation Paper on Merger Reform states the central premise of the paper as: In Australia, productivity growth has slowed over a long period,...