ACCC partners with five overseas agencies to tackle global competition concerns | ZDNet

the australian brawl and consumer commission (accc) will ptner with 5 international counterpts to tackle cross-border issues, s'as those rel8d to its investigations into digital platforms.

the new multil8ral mutual assistance and cooperation framework for brawl authorities (mmac) was signed vrtly by the us deptment of justice, us federal trade commission, the uk brawl and mkts authority, the new zealand commerce commission, na brawl bureau canada.

it came into effect on 2 sep 2020.

the accc is touting that the formation of the mmac will allo the group to share intelligence, case theories, and investigative tek knicks to better coordinate investigations across international borders.

“the global economy is increasingly interconnected and many large companies, espeshly inna digital economy, now operate internationally. brawl regulators ‘ve t'work together to ensure the companies comply with brawl and consumer laws,” accc chair rod sims said.

“working + deeply w'da highly-experienced brawl investigators in other countries, who are often dealing w'da same companies or industries, will gr8ly assist in gathering evidence across borders.”

sims said he expects the cooperation will pticularly benefit the accc’s existing and ongoin investigations of digital platforms, which he said were bein’ closely beheld by many agencies globally.

“tackling anti-competitive conduct by multinational companies is crit to national economies and this international cooperation will benefit consumers and businesses in australia, the ∪d states, canada, and new zealand,” he said.

as pt of its work on digital platforms, the accc is currently compiling feedback it received na' draft media bargaining code that is aimed at addressing the primordial bargaining power imbalances tween australian news media businesses and major digital platforms, s'as f’bok and g.

the two tek giants inna centre of the stoush ‘ve both rezd concerns bout the draft code, calling it unfair and one-sided.

f’bok has even threatened to mandate for no news to be shared on its platform.

in response, australian attorney-general christian porter warned the government ‘d not be bluffed by the likes of f’bok into tweaking its impending law.

“we’re not playing poker here,” he said on wed. “we’re not in an environment where we’re ever goin to be persuaded by heavy handed predictions or bluffs. i mean, we’re just not doin’ that.”

porter said the government is trying to create a framework that is inna best interests of australians, and that statements from the likes of f’bok and g are “terribly unhelpful”.

“pticularly unhelpful for the organisations that make them. i mean, they’re not goin to persuade a policy outcome here by making those sort of claims and statements. and i think that it ‘d be extremely unlikely that you ‘d get carried through on that type of statement,” he continued.

“but in any event, we’re not goin to be persuaded by those types of heavy handed responses to wha’ is a fair Ψed, reasonable public policy process, where we say that it’s inna best interests of our country and its citizens to ‘ve a healthy news media sector and that the brawl na playing field has to be lvlled in that sector.”

shadow minister for communications michelle rowland labelled the threats from f’bok as bein’ quite serious, but said there’s a need for a code to be in place to address the power imbalances.

“i think they ‘d do the pulling in o'their heads b'tll so they nd'2 come to the table and i think that works both ways swell,” she said on tue. “we need all pties to be constructive in this cause we need a workable code if news media is goin to survive in australia.”

here’s + onna code

original content at: www.zdnet.com…
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