Sydney and Melbourne Airports have raised the ire of the Australian Competition and Consumer Commission for the possibility of charging excessively high prices due to their monopoly status as international airports in each state.
Power Balance wristbands and pendants have ‘no credible scientific basis’ and have been removed for sale by Power Balance Australia after Australian Competition and Consumer Commission intervention.
M Webster Holdings Pty Ltd, trading as David Lawrence, Jigsaw and Marcs, has paid three Infringement Notices totalling $19,800 to the Australian Competition and Consumer Commission following an investigation into Webster’s refund policies.
Virgin Blue looks likely to be given approval by the Australian Competition and Consumer Commission on a code sharing agreement with Middle East airline Etihad, with draft approval given by ACCC the same day the competition regulator approved Virgin Blue’s alliance with Air New Zealand.
Virgin Blue and Air New Zealand have been given conditional authorisation by the Australian Competition and Consumer Commission to create an alliance on flights between Australia and New Zealand.
The ACCC continues to crack down on ‘illegal holiday surcharges’ on menus, with a cafe owner ordered to pay a penalty of $20,000 by the Federal Court for failing to provide ‘all inclusive pricing’ on their menus.
Metcash, owner of IGA supermarkets and Australia’s largest independent grocery and liquor wholesaler, welcomes Federal Court action by the Australia Competition and Consumer Commission opposing Metcash’s plans to acquire the Franklins supermarket chain for $215 million.
Restaurants charging illegal holiday surcharges have been ordered to pay a penalty of $13,200 each for breaching the all-inclusive pricing lay on their menus by the Federal Court.
Direct Factory Outlet founders David Wieland and David Goldberger are demanding an inquiry into ACCC chairman Graeme Samuel, The Australian reports.
DFO’s Austexx is set to sell four of its nine DFO shopping malls to CFS Retail Property Trust as CFS seeks to raise $500 million in capital to complete the transaction, according to reports from people close to the matter in Bloomberg.
