Accc news and trends

Australian Regulator Says Amazon Won’t Describe Search Algorithm
Amazon // April 28, 2022

Amazon has reportedly been declining to describe its product-search system to an Australian competition regulator which has seen complaints of large markets giving preference to in-house wares, Reuters wrote Thursday (April 28). Get the Full Story Complete the form to unlock this article and enjoy...

Australia’s Watchdog Hauls Meta to Court Over Alleged Scam Crypto Ads
Cryptocurrency // March 18, 2022

Australia’s competition watchdog is taking Facebook parent Meta Platforms Inc. and Meta Platforms Ireland Ltd. to federal court over allegations of publishing scam advertisements for cryptocurrencies featuring Australian public figures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Aussie Competition, Finance Regs Collab Against Late Payments
B2B Payments // March 04, 2020

Financial and competition regulators in Australia have teamed up to look into the rising use of supplier payday lending schemes used by big companies, according to a report by The Australian. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

In Australia, Late Payments Under Govt Microscope
B2B Payments // October 04, 2019

Australia’s federal Labor Party has issued calls to scrutinize late payment practices that it has said are “unfair” to small and mid-sized firms. Separately, a study of the construction industry finds that a majority of subcontractors would offer discounts, if they could be assured of...

Quick Reads
Australia’s Antitrust Watchdog Sues Mastercard Over ‘Anti-Competitive Conduct’

May 30, 2022
The Australian Competition & Consumer Commission (ACCC) has brought proceedings against Mastercard for allegedly engaging in anticompetitive practices, according to a Monday (May 30) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily […]

Australian Regulator Says Amazon Won’t Describe Search Algorithm

April 28, 2022
Amazon has reportedly been declining to describe its product-search system to an Australian competition regulator which has seen complaints of large markets giving preference to in-house wares, Reuters wrote Thursday...

Australia’s Watchdog Hauls Meta to Court Over Alleged Scam Crypto Ads

March 18, 2022
Australia’s competition watchdog is taking Facebook parent Meta Platforms Inc. and Meta Platforms Ireland Ltd. to federal court over allegations of publishing scam advertisements for cryptocurrencies featuring Australian public figures....

Bitcoin Daily: Australian Crypto Fraudsters Racked Up $4.3M In 2018; Regs Tells Finland Crypto Companies...

April 30, 2019
Billionaire Michael Novogratz’s cryptocurrency investment firm lost $272.7 million during its first year of operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...