Australia’s competition watchdog the ACCC will not oppose the acquisition of comparison website, Compare the Market, by Innovation Holdings Australia that would result in it holding up to 35% of shares in iSelect, a major competitor to Compare the Market.
Online comparison website iSelect has been ordered by the Federal Court to pay $8.5 million in penalties for making false or misleading representations about its electricity comparison service.
Australia’s competition watchdog, the ACCC, is taking the online comparison website iSelect to court over allegations of misleading or deceptive conduct and false or misleading representations in relation to its energy plan comparison service.
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