Thursday, 06 August 2020 23:44

Regulators need to keep pace with growing power, influence of digital platforms, says ACCC chief Featured

By
ACCC Chair Rod Sims ACCC Chair Rod Sims

Regulators globally must keep pace with the growing economic power and influence of digital platforms, according to Rod Sims, the chief of Australia’s competition and consumer commission, the ACCC.

Sims, the ACCC chairman, said that as the digital platforms play an increasingly important role in the economy, consumer and competition enforcement and regulation must keep pace, telling the Australia-Israel Chamber of Commerce (WA) - via a streaming video application - that the Commission’s recent actions against Google are about “holding powerful digital platform businesses accountable for representations made to consumers”.

“We believe that consumers have the right to know and make informed choices about their use of digital services, particularly how their personal data is being collected and used for the supposedly free services,” Sims said.

“They are not free; everything has a cost.”

Sims also spoke about the need to address the “bargaining power imbalances” between Australian news media businesses and digital platforms.

“We are concerned that business, including Australian media businesses, can continue to compete on their merits in the digital age,” Sims said.

Addressing the ACCC’s concerns about how past and future acquisitions of rivals by the digital platforms could entrench their market power, by providing them with advantages of scale and reducing competition, Sims said, “what we don’t want is for large platforms such as Google and Facebook to remove possible rivals that may have otherwise emerged, possibly in partnership with others, as vigorous and effective competitors to their core services.”

Sims said that existing regulatory frameworks have not held up well to the challenges of digitalisation.

“Of course our focus is on both consumer and competition enforcement and regulation, so investigating and pursuing what needs to be done to protect consumers and allow businesses to compete on their merits in the growing digital economy is now a core part of the our work, as it needs to be,” Sims said.

“We are optimistic we and our fellow regulators and enforcers around the globe can deal with these issues but it requires a multi-faceted approach that includes competition assessment, regulatory responses and consumer enforcement.”


Subscribe to ITWIRE UPDATE Newsletter here

Active Vs. Passive DWDM Solutions

An active approach to your growing optical transport network & connectivity needs.

Building dark fibre network infrastructure using WDM technology used to be considered a complex challenge that only carriers have the means to implement.

This has led many enterprises to build passive networks, which are inferior in quality and ultimately limit their future growth.

Why are passive solutions considered inferior? And what makes active solutions great?

Read more about these two solutions, and how PacketLight fits into all this.

CLICK HERE!

WEBINAR INVITE 8th & 10th September: 5G Performing At The Edge

Don't miss the only 5G and edge performance-focused event in the industry!

Edge computing will play a critical part within digital transformation initiatives across every industry sector. It promises operational speed and efficiency, improved customer service, and reduced operational costs.

This coupled with the new capabilities 5G brings opens up huge opportunities for both network operators and enterprise organisations.

But these technologies will only reach their full potential with assured delivery and performance – with a trust model in place.

With this in mind, we are pleased to announce a two-part digital event, sponsored by Accedian, on the 8th & 10th of September titled 5G: Performing at the Edge.

REGISTER HERE!

BACK TO HOME PAGE
Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments