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.
On 4 December 2017 the Treasurer, the Hon Scott Morrison MP, issued Terms of Reference (ToR) to the ACCC, directing it to conduct an 18 month long public inquiry into the impact of digital platform services on the state of competition in media and advertising services markets, pursuant to s 95H(1) of the Competition and Consumer Act (CCA) (Inquiry). ACCC Chair Rod Sims has called this a "world first" inquiry of its kind into digital platforms that goes to “the heart of their business models”.
Businesses are increasingly using, developing and improving their ability to promptly respond to market conditions, innovate product offerings, and set prices using algorithms and artificial intelligence systems (AI).
Gilbert + Tobin has advised Coca-Cola Amatil (Amatil) on the joint acquisition by Amatil and its major shareholder, US-based The Coca-Cola Company (TCCC), of a 45% equity stake in Made Group, an independent Australian beverage manufacturer known for its leading brands NutrientWater, Cocobella, Rokeby Farms and Impressed. The transaction has created an innovative ownership structure, which has significant benefits for the parties.