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Australia: ACCC rejects proposal to set minimum prices for electronics

By  |  January 18, 2013

The Australian Competition and Consumer Commission has decided against setting a price floor for various electrical products including televisions, cameras and kitchen appliances, citing comepeition concerns. Price-fixing proposals were first presented to the ACCC by the Narta group, representing 30 major retailers – the proposal requested that ACCC require new and “premium” goods to be set at the same price for a ten year period, though would only apply to only advertised and promotional sales. But in its ruling, the ACCC rejected the proposal, noting that giving Narta the power to set minimum prices would reduce competition, also expressing concern over how online retailers typically don’t negotiate lower prices for advertised products.

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