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Omnichannel retail continues to challenge competition authorities' conventional approach to defining retail markets.

Opt out data sharing clause will damage trust in open banking Share Major banks and privacy experts are flummoxed at Treasury’s planned shift to an “opt-out” model for joint accounts under open banking, warning it contradicts the fundamental tenet of the consumer data right: that customers provide consent before their data moves. The Australian Banking Association and consumer groups, including the Financial Rights Legal Centre, said in submissions to Treasury last week the proposed opt-out model conflicts with core privacy principles and the competition regulator’s push in the Digita...

Date Time Dominance of Apple and Google’s app stores impacting competition and consumers App developers need fair and reasonable terms when dealing with app stores and better processes for the approval of apps to help address the consequences of Google and Apple’s power in the app market, the ACCC has found in a report released today. The ACCC’s second Digital Platform Services Inquiry interim report finds that Apple’s App Store and Google’s Play Store have significant market power in the distribution of mobile apps in Australia, and measures are needed to address this. “Apps are ...