Following the recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry issued on 1 February 2019, the Australian Banking Association revised the 1 July 2019 version of its Banking Code of Practice.
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An Inspector Calls: What General Counsel Need to Know About Dawn Raids
Corporate misconduct has been firmly on the political agenda in recent months. The ongoing Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is continuing to attract…
Read more![The Evolution of Competition Law in Australia [Infographic]](https://insight.thomsonreuters.com.au/legal/wp-content/themes/insight/assets/images/placeholders/270x141.png)
The Evolution of Competition Law in Australia [Infographic]
Major reform to Australian competition law came into effect on 6 November 2017. The Competition Policy Review legislation contains a broad range of amendments to the Competition and Consumer Act…
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Proposed Changes to the Australian Consumer Law [Legal Update]
Significant proposed changes to the Australian Consumer Law have just been released for consultation in exposure draft legislation and regulations, with submissions invited and due no later than 28 February…
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Competition Law Changes in Force From 6 November 2017 [Legal Update]
After over 20 years of debate and governmental reviews, and over 2.5 years after the most recent reform recommendations, major competition law changes were specially proclaimed to commence on 6…
Read moreParliament Passes Harper Reforms to Competition Law in Australia: A Legal Update From Ashurst
The most significant changes to Australian competition law in over 40 years were passed by the Federal Parliament this week. In this legal update, Ashurst’s market-leading competition lawyers highlight all…
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Making an Apple More Like an Orange: How the ACCC is Planning to Improve its Chances in Merger Reviews
A recent speech by Rod Sims, Chairman of the ACCC, is making waves amongst Australian competition law practitioners and business leaders. Sims has proposed requiring more information from businesses seeking…
Read moreFlight Centre’s High Court Loss: Lessons for Principals, Agents and Consumers
When Flight Centre, Australia’s largest travel agent, tried to protect its revenue from the sale of airline tickets for Singapore Airlines, MAS and Emirates, it could not have imagined that…
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Misuse of Market Power: What Do the Changes Mean?
Lately, it seems that everyone has an opinion on the proposed changes to section 46 of the Competition and Consumer Act 2010 (CCA). Most agree that we need a law…
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ACCC Maintains the Focus on Cartels
In late February, ACCC Chairman Rod Sims outlined the regulator’s competition law priorities for 2016. The release may have been somewhat lost in the media interest storm surrounding the Government’s…
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