ACCC

The competition watchdog is seeking further feedback before making a decision on ANZ’s proposed acquisition of Suncorp Bank.

The competition watchdog wants to know how banks approach credit and deposit rate changes, with a public issues paper for its deposits inquiry imminently expected.

The Australian Competition and Consumer Commission will not oppose the proposed acquisition of Link Administration Holdings by Dye & Durham Corporation.

The commission is calling for submissions on how NAB’s proposed purchase of Citi’s Australian consumer bank would impact competition.

The competition watchdog has watched all banks who have not kept up with its open banking roll out, warning of potential enforcement actions for non-compliance.

The ACCC has cautioned government that allowing anti-competitive mergers to persist could result in increased prices and reduced options for consumers and businesses.

Details of the inquiry into how banks set interest rates for savers and home loan borrowers have been revealed by the competition watchdog.

The competition watchdog has commenced a review into claims that property settlement platform PEXA has acted to shut out rivals in the market.

iSignthis’ CDR application had been rejected, the first ever from the ACCC, the regulator has confirmed.

The Australian Competition and Consumer Commission has announced that Liberty Financial Pty Limited is now an accredited data recipient.

The consumer watchdog has called for heightened vigilance among bank customers amid reports of up to $800,000 in losses from a single scam.  

The consumer watchdog has made a “fatal mistake” when it knocked back ANZ’s $4.9 billion acquisition of Suncorp Bank, the counsel representing ANZ has told the competition tribunal.

The long-awaited ACCC merger reform has been tabled before the Australian Parliament today (10 October). With this release, the goals and implementation of the reform were revealed, giving ...

The regulator has expressed fears for competition around a proposed acquisition, warning that it could further fuel a monopoly for the property settlements giant.

The competition watchdog is calling on banks and bank savers to submit their views on competition and issues affecting retail deposits, as part of its pricing inquiry.

The competition watchdog has said it will take time to ‘reflect’ on the tribunal’s decision to overturn its decision blocking the ANZ-Suncorp Bank merger.

ANZ’s proposed acquisition of Suncorp’s banking arm is now officially being considered by the competition watchdog, with a formal decision expected on 12 June 2023.

Mergers will be approved within 30 working days and follow a single decision-making process as part of new merger reforms, which the ACCC has welcomed.

The competition watchdog “does not propose to seek review” of the competition tribunal’s decision to grant authorisation for ANZ to acquire Suncorp.

The competition watchdog has said that it does not intend to conduct a public review of the proposed acquisition of buy now, pay later giant Afterpay by digital payments company Square, Inc