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ACCC authorises banking sector cooperation

The ACCC has granted authorisation to Australian Banking Association and member banks to continue working together on developing financial relief programs for customers facing hardship as a result of COVID-19

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accc Julie Clarke accc Julie Clarke

ACCC proposes letting supermarkets continue to cooperate

The ACCC has issued a draft authorisation determination proposing to allow supermarket operators to continue working together until March 2021 to ensure continued supply of food and groceries during the COVID-19 pandemic. An interim authorisation had previously been granted.

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accc Julie Clarke accc Julie Clarke

Members of Australian Securitisation Forum authorised to work together

‘The ACCC has granted interim authorisation for members of the Australian Securitisation Forum (ASF) to work together to assist smaller lenders to maintain liquidity and issue loans to consumers and small businesses during the economic disruption caused by the COVID-19 pandemic.‘

This follows the federal government announcement of a finance support fund and allows ASF members to coordinate input on how to administer that scheme.

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