ANZ will fight ACCC’s rubbery reasons for blocking Suncorp deal
Even after the most intense period of banking competition in decades, the watchdog has rejected the buyout on the risk it could theoretically allow the big banks to co-ordinate.
Not long after Gina Cass-Gottlieb became the chairman of the Australian Competition and Consumer Commission, she professed her admiration for the woman she calls “the mother of Australian competition law”, Maureen Brunt, and her pragmatic approach to competition policy.
“You really need to be based on facts,” Cass-Gottlieb told Chanticleer. “Professor Brunt would say, ‘what’s going on here?’,”
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
