What is the Australian competition law?

Australian competition law regulates how companies and people do business in Australia. The governing legislation is the Competition and Consumer Act 2010 (Cth) (Act), which contains rules proscribing certain anti-competitive conduct between competitors, suppliers and customers.

Does Australia have anti trust laws?

The Competition and Consumer Act prohibits the acquisition of shares or assets if that acquisition would have the effect or likely effect, of substantially lessening competition in any market for goods or services in Australia.

What is considered anti-competitive practices?

Anticompetitive practices include activities like price fixing, group boycotts, and exclusionary exclusive dealing contracts or trade association rules, and are generally grouped into two types: agreements between competitors, also referred to as horizontal conduct.

What is the difference between ACL and ACCC?

The ACL governs business behaviour when advertising and interacting with consumers. It also sets out a number of consumer rights, including specific guarantee rights. State, territory and federal regulators including the Australian Competition and Consumer Commission (ACCC) enforce the ACL.

Is Apple anti-competitive?

And Apple hasn’t wavered on the practices that have drawn the bulk of the accusations that Apple’s practices — including the company not allowing alternate App Stores or sideloading, and not allowing alternate payment systems — are anti-competitive, increase prices for consumers, and reduce their choice.

Does Australia have anti monopoly laws?

There is no law in Australia against monopoly as such. Unlike in the United States there is no divestiture power that would enable the Commission to take court action to break up existing monopolies even if it wanted to. The Commission has not sought any such power.

Is anti-competitive illegal?

Anti-competitive practices are commonly only deemed illegal when the practice results in a substantial dampening in competition, hence why for a firm to be punished for any form of anti-competitive behaviour they generally need to be a monopoly or a dominant firm in a duopoly or oligopoly who has significant influence …

What is reasonable time in consumer law?

Reasonable time, if no time set A contract or agreement for the supply of services usually states when the services will be provided and the date they will be completed. If not, you automatically guarantee to supply the service within a reasonable time.

How long does a consumer guarantee last?

Depending on the terms and conditions, these warranties may entitle consumers to a refund, replacement or repair if there is a problem. Voluntary warranties usually apply for a set period – typically 12 months. A voluntary warranty forms part of the contract between the buyer and the seller.

What are two ways that an Australian business can Unlawfully harm the amount of competition in Australia?

The prohibitions relate to retail pricing, financial contract market conduct and conduct in electricity spot markets.

  • Exclusive dealing.
  • Imposing minimum resale prices.
  • Misuse of market power.
  • Refusal to supply products or services.
  • Unconscionable conduct.
  • COVID-19 & anti-competitive behaviour.