The ACCC has accepted a court-enforceable undertaking from Visa AP (Australia) Pty Ltd and Visa Worldwide Pte Limited (together, Visa) "in relation to concerns that Visa may have limited competition in relation to debit card acceptance through its dealings with large merchants."
ACCC chair Rod Sims has hailed the introduction of Australian Competition Law and the Competition and Consumer Act 10 years ago as a game changer that allowed for the ACCC and state and territory regulators to collaborate much more easily, and heralded a new era in Australian consumer protection by introducing a single national consumer law and civil penalties.
Sales practices in Australia’s domestic travel sector, competition in aviation and the conduct of some caravan manufacturers - along with sales issues with digital platforms, energy and telecommunications and other business and industry sectors - have been laid out by Australia’s competition and consumer watchdog, the ACCC, in its compliance and enforcement priorities for 2021.
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