The Australian Competition and Consumer Commission has given the green light to JB Hi-Fi’s proposed acquisition of retail rival, the Good Guys Discount Warehouses, saying it won’t oppose the deal over competitive concerns.
Australia’s second largest telco Optus has suffered a drop in profit for the June quarter, with the fall attributed to an ACCC decision to get tough on mobile termination rates in the telecoms industry.
The number of product recalls in Australia increased in the last financial year and the ACCC is now making it easier for consumers to check their goods are safe with the launch of a new product safety website.
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