Australia’s competition regulator the ACCC has granted interim authorisation for members of the Australian Securitisation Forum (ASF) to work together to assist smaller lenders to maintain liquidity and issue loans to consumers and small businesses during the “economic disruption” caused by the COVID-19 pandemic.
National Broadband Network operator NBN Co and five retail service providers have been authorised by the competition regulator the ACCC to work together on measures to keep telecommunications networks operating effectively during the COVID-19 crisis.
The chief of Australia’s competition watchdog, the ACCC, Rod Sims, says competition has a critical role to play in getting the economy running efficiently again post the COVID-19 pandemic and economic crisis.
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