Federal Court of Australia
AUSTRALIAN COMPETITION TRIBUNAL
Re EFTPOS Interchange Fees Agreement [2004] ACompT 7
TRADE PRACTICES – exclusionary provisions and price fixing – proposed agreement to set EFTPOS interchange fees at zero – whether proposed agreement should be authorised under s 88 (1) of the Trade Practices Act – whether public benefits arising from proposed agreement outweigh public detriments – whether use of debit cards will increase as a result of proposed agreement – whether debit cards and credit cards substitutable products – whether savings will be passed on to cardholders by issuers – whether costs will be passed on to merchants and what impact this will have on consumers – whether proposed agreement will enhance competition in issuing and acquiring markets – whether economic justification for negative interchange fees has ceased – whether interchange fees a payment for services
WORDS AND PHRASES – "interchange fees" – "two-sided market" – " access regime"
Trade Practices Act 1974 (Cth) ss 88, 90, 101(1), 102(1)
Re Media Council of Australia (No.2) (1987) ATPR 40-774 cited Re 7-Eleven Stores Pty Ltd (1994) ATPR 41-357 cited Re Pathology Services [2004] ACompT 4 at [93] cited Howard Smith Industries Pty Ltd v Adelaide Steamship Industries Pty Ltd (1977) 28 FLR 385 at 405 cited Queensland Co-operative Milling Association (1976) 8 ALR 481 at 484 followed
RE: EFTPOS INTERCHANGE FEES AGREEMENT NOS 7 and 9 of 2003 JUSTICE HEEREY (DEPUTY PRESIDENT) MR ROBIN DAVEY MISS M M STARRS 25 MAY 2004 BRISBANE (HEARD IN MELBOURNE)
IN THE AUSTRALIAN COMPETITION TRIBUNAL
File Nos 7 and 9 of 2003
RE EFTPOS INTERCHANGE FEES AGREEMENT
AUSTRALIAN AND NEW ZEALAND BANKING GROUP LIMITED, AUSTRALIAN SETTLEMENTS LIMITED, BANK OF QUEENSLAND LIMITED, BANK OF WESTERN AUSTRALIA LIMITED, BENDIGO BANK LIMITED, CASHCARD AUSTRALIA LIMITED, COMMONWEALTH BANK OF AUSTRALIA, CREDIT UNION SERVICES CORPORATION (AUSTRALIA) LIMITED, NATIONAL AUSTRALIA BANK LIMITED, ST GEORGE BANK LIMITED, SUNCORP-METWAY LIMITED, WESTPAC BANKING CORPORATION
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate