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Australian Competition and Consumer Commission

ACCC

Page 5






The US Federal Trade Commission has banned non-compete clauses, and in Australia the federal government is reviewing their use. Are changes coming for Australian employees and competition law?



The rapid development of AI, and the push to avoid failures of the past through expedited regulation, may also speed up efforts to pin down legal definitions of the ecosystems in which Big Tech operates.



With its $120 million settlement with Qantas, Gina Cass-Gottlieb's ACCC has avoided a drawn out lawsuit, secured a payout for consumers and, she says, set a new industry standard for flight cancellations.


Australia's banks are solid, with the economy resilient, bad debts under control and margin pressure easing. But investors are increasingly asking how these unexciting fundamentals support over-valued shares.






The government's merger reform paper is out and competition lawyers aren't loving it. Plus, the latest in the Wollemi v Wollemi dispute.




There are concerns that the ACCC's proposals for the merger review process could make things even more difficult for companies seeking a quick sale due to financial distress.





Digital wallets are a hot front for competition and legal action. Mastercard is the latest issuer to fire a shot, announcing an upgraded online payment product it says will tackle about 90% of payment card fraud.


The ACCC has just one cartel case before the courts. It lays bare one of the most complex areas of competition law and how dinners and emails can become collusion risks.



Epic Games' 16-week court battle against Apple and Google is finally under way. If the Fortnite maker is successful, it could fast-track EU-like rules for tech companies in Australia.





Amid a cacophony of noise over Meta's decision to walk away from funding the news media in Australia, one calm voice has prevailed.











ANZ had two chances to overturn an ACCC rejection of its bid for Suncorp Bank. It only needed one, with the Competition Tribunal waving the bid through.



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