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Competition

This Month

The Yallourn coal station in Victoria. Coal and gas plants dominate the market when solar is offline.

Energy grid’s power imbalance could blow out bills, AER warns

In a review to be released on Friday, the energy regulator also said the government should consider the need to diversify ownership as it underwrote projects.

  • Angela Macdonald-Smith
Bunnings managing director Mike Schneider.

Bunnings hits back over market share claims

The Wesfarmers-owned retailer says assertions that it controls 70 per cent of plant sales in Australia are wrong.

  • Tom McIlroy
A spinoff of Android would also be painful, eliminating Google’s influence over smartphones.

What’s next for Google’s search monopoly?

Judge Amit Mehta’s ruling could cause enormous ripple effects, potentially reshaping the internet.

  • David McCabe and Nico Grant
The European Union’s effort to break up Google’s online advertising monopoly – an outcome that could reshape the digital economy.

Break up big tech to save competition, democracy and the climate

To save the European Green Deal and restore economic competitiveness, the EU’s new antitrust push must rein in these companies’ enormous power.

  • Cori Crider
Social media services such as Facebook, Instagram and TikTok won’t face a misinformation crackdown.

Labor targets Meta, Apple, Amazon and Google with tough new rules

Global tech giants face tough new rules and hefty fines as the government moves to stop digital giants unfairly pushing their own products onto consumers.

  • Tom McIlroy and Michael Read
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November

Three sliding-doors moments defined ACCC boss Gina Cass-Gottlieb’s life

When Gina Cass-Gottlieb was hired, some said she was too close to big business. She’s instead proven to be a godsend for the federal government.

  • Ronald Mizen
The US government has told a Federal judge it should break up Google and make it sell its industry-leading Chrome web browser, to stop an abusive monopoly.

US regulators seek to break up Google, force Chrome sale

The US government wants to break up the tech behemoth and make it sell its industry-leading Chrome web browser, to stop an abusive monopoly.

  • Michael Liedtke
Cuscal is chaired by Elizabeth Proust.

APRA warned Cuscal on risk settings ahead of IPO

The payments company, set to list on the ASX next week, is working with the regulator to improve compliance systems after an external review disclosed in its prospectus.

  • James Eyers and Lucas Baird
Woolworths boss Amanda Bardwell at the ACCC hearing on Monday.

ACCC takes on Woolworths boss in rare intervention

The supermarket giant appeared at a public hearing on Monday as the regulator investigated the market power of it and its biggest rival, Coles.

  • Carrie LaFrenz and Tom McIlroy
It is widely accepted that the Hilmer reforms contributed to a sustained productivity boom in Australia, underpinning significant increases in real wages.

Hilmer reforms of 1990s helped lift productivity. We can do it again

Fred Hilmer’s reforms were groundbreaking because a series of small changes had a massive cumulative effect. With changes to competition policy, we could lift Australia’s GDP by up to $45 billion a year.

  • Danielle Wood and Alex Robson
Macquarie analysts said Woolworths and Coles may maintain incumbent positions but without a loyalty program with customer data and insights, it will not be easy or cheap.

Supermarkets face earnings crunch if loyalty schemes are dismantled

Macquarie warns of a drag on the performance of Coles and Woolworths if the competition watchdog disrupts their customer retention programs.

  • Carrie LaFrenz
Businesses can rack up millions of dollars in tolls annually moving goods around Sydney

One business is paying $7.4m in Sydney road tolls

Data compiled by the NSW government shows the high cost of tolls for companies as the state pushes ahead with new laws to monitor the prices motorists are being charged.

  • Jenny Wiggins

October

ACCC chairwoman Gina Cass-Gottlieb.

ACCC to target liquor, pathology, cancer clinics in merger crackdown

The bulk of private equity transactions in Australia will also receive greater scrutiny due to ACCC worries serial acquisitions and roll-ups are flying under the radar.

  • Ronald Mizen
European tomatoes are flooding the Australian market.

Europe likens probe into cheap tomato exports to Beijing trade wars

Australian officials have this month begun an inquiry into whether Italian groups are dumping products sold as Coles, Woolworths and Aldi home brands.

  • Simon Evans
ACCC chairman Gina Cass-Gottlieb.

After half a century, a new era of competition law begins

Fifty years of the Trades Practices Act should be celebrated by adapting to changing times, with competitive and efficient markets in front of mind.

  • Gina Cass-Gottlieb
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AMP is on track to launch its new business bank in February.

AMP eyes February for long-planned expansion into business banking

The company, which already has a major mortgage loan book, will target start-ups and sole traders as it attempts to find higher margins.

  • James Eyers
The lobby group for the major suppliers defended price rises pointing to an escalation in production costs during the pandemic and afterwards.

Suppliers, pollies reject supermarket bid to shift blame

Both major parties have hit back at Coles and Woolworths while suppliers say shoppers are only paying a fraction of cost rises.

  • Ronald Mizen and Angela Macdonald-Smith
Howard Marks says governments are trying to subvert the laws of economics.

Howard Marks, Taylor Swift and why investors should fear populism

Wall Street legend Howard Marks says populist government intervention is on the rise, and big companies are often the enemy. But investors remain convinced size matters.

  • Updated
  • James Thomson
Coles CEO Leah Weckert, with chef and Coles ambassador Curtis Stone, is hoping new Christmas ranges will resonate with shoppers this summer.

Coles chief Leah Weckert says its promotions are genuine

The retail giant expects more shoppers to stay home at Christmas as they face stretched budgets, and says it is working on keeping its products affordable.

  • Carrie LaFrenz

Private markets scrutiny at odds with ‘faster, targeted’ mergers

Changes to merger laws aimed at giving the ACCC power to scrutinise share purchases that don’t result in outright ownership have raised concerns among competition lawyers.

  • Ronald Mizen

Original URL: https://www.afr.com/topic/competition-policy-5vz