On 4 December 2017, the Treasurer directed the ACCC to conduct a “world first” public inquiry into the impact of digital platform services on the state of competition in media and advertising services markets in Australia.
One year after announcing that the Government would replace the USO contract with Telstra with a modernised Universal Service Guarantee (USG) by 2020, guaranteeing access to broadband as well as voice services, Communications Minister Mitch Fifield has released a summary report outlining the Government’s proposals for delivery of the scheme. Click below to read our full report.
On 5 December 2018, the second last parliamentary sitting day of the year, the Federal Government introduced the Treasury Laws Amendment(Prohibiting Energy Market Misconduct) Bill 2018 (the Bill), which aims to implement the Government’s so-called ‘big stick’ energy reforms.
At the 2018 Annual RBB Economics Conference last Thursday, Australian Competition and Consumer Commission Chairman Rod Sims delivered an important speech that highlighted Australia’s position on competition law in light of the current “hipster antitrust” debate.
Open banking is the application of a national Consumer Data Right to the banking industry. It will allow customers to request that their data be transferred to third parties and is expected to facilitate more competition (by facilitating entry of new providers).
The Australian Prudential Regulation Authority has responded to the issues that have emerged at the Royal Commission into the Misconduct in the Banking, Superannuation and Financial Services Industry and the Productivity Commission’s Inquiry into Competition in the Australian Financial System by announcing a review of its enforcement strategy.
It has now become commonplace to acknowledge that data is an increasingly valuable asset for businesses. The capture and commercialisation of large data sets (or ‘Big Data’) is creating new business opportunities, services, and ways of generating growth:
We take a look at the key aspects of the guidelines and provide practical compliance tips to avoid running afoul (even unintentionally) of the misuse of market power and concerted practices prohibitions.
"Potentially problematic” debt behaviours are among the findings of ASIC’s Report 580 on credit card lending in Australia. Partner Elizabeth Avery and Peter Reeves discusses what the Report means for consumers and credit providers in this article.
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At Gilbert + Tobin, our team looks at technology influences as they apply to all industries. We advise on the impacts of technology on the contract structures, the laws and the corporate/commercial processes that underpin your business. Our focus, like yours, adjusts as your company and your industry demands dictate.