Australia: ACCC Compliance and Enforcement Priorities in 2023/24

The ACCC has announced the industry sectors and competition and consumer law issues in focus for 2023/24

In brief

Yesterday, the Chair of the Australian Competition and Consumer Commission (ACCC), Gina Cass-Gottlieb, announced the ACCC's compliance and enforcement priorities for 2023/24 and the market studies and advocacy work that the ACCC would continue this year.

Ms. Cass-Gottlieb identified a range of industry sectors, as well as specific competition and consumer law issues that will be the focus of the ACCC's compliance and enforcement activities for 2023/24.  Many of these areas continue from last year.


Contents

Key takeaways

  • Key sectors the ACCC will be focusing on in 2023/24 include gas markets, the digital economy, essential services (particularly telecommunications and energy) and the financial services sector.  The ACCC will also continue its ongoing focus on digital platforms.
  • The ACCC will work to improve compliance with environmental and sustainability claims (addressing what is often referred to as 'greenwashing'), prevent scams, enforce new prohibitions on unfair contract terms, prevent anti-competitive exclusive arrangements and ensure consumer product safety (particularly for young children).
  • The ACCC will continue to focus on its enduring priorities, with a renewed focus on cartel conduct, product safety and conduct impacting First Nations Australians.

Click here to access full alert.


Copyright © 2024 Baker & McKenzie. All rights reserved. Ownership: This documentation and content (Content) is a proprietary resource owned exclusively by Baker McKenzie (meaning Baker & McKenzie International and its member firms). The Content is protected under international copyright conventions. Use of this Content does not of itself create a contractual relationship, nor any attorney/client relationship, between Baker McKenzie and any person. Non-reliance and exclusion: All Content is for informational purposes only and may not reflect the most current legal and regulatory developments. All summaries of the laws, regulations and practice are subject to change. The Content is not offered as legal or professional advice for any specific matter. It is not intended to be a substitute for reference to (and compliance with) the detailed provisions of applicable laws, rules, regulations or forms. Legal advice should always be sought before taking any action or refraining from taking any action based on any Content. Baker McKenzie and the editors and the contributing authors do not guarantee the accuracy of the Content and expressly disclaim any and all liability to any person in respect of the consequences of anything done or permitted to be done or omitted to be done wholly or partly in reliance upon the whole or any part of the Content. The Content may contain links to external websites and external websites may link to the Content. Baker McKenzie is not responsible for the content or operation of any such external sites and disclaims all liability, howsoever occurring, in respect of the content or operation of any such external websites. Attorney Advertising: This Content may qualify as “Attorney Advertising” requiring notice in some jurisdictions. To the extent that this Content may qualify as Attorney Advertising, PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME. Reproduction: Reproduction of reasonable portions of the Content is permitted provided that (i) such reproductions are made available free of charge and for non-commercial purposes, (ii) such reproductions are properly attributed to Baker McKenzie, (iii) the portion of the Content being reproduced is not altered or made available in a manner that modifies the Content or presents the Content being reproduced in a false light and (iv) notice is made to the disclaimers included on the Content. The permission to re-copy does not allow for incorporation of any substantial portion of the Content in any work or publication, whether in hard copy, electronic or any other form or for commercial purposes.