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Australia, farm, windmill
The coronavirus-induced recession has prompted concerns the country could emulate New Zealand’s restrictive and lengthy approvals process in the long term.
Cattle Farm in New Zealand
Increased capital requirements for New Zealand’s banks will lead to higher interest rates and less appetite to lend to sectors like agriculture.
Basin state governments all said progress was made at a meeting this week, although claims of an ‘overhaul’ of the Plan by the NSW government were dismissed by observers.
With NSW threatening to tear up longstanding water-sharing agreements, institutional investors are questioning whether the headline risk that comes with water investment is worth the consistently strong returns.
The ACCC raised its strongest concerns over a bid by New Forests, which dropped out shortly afterwards, paving the way for the competition watchdog to approve Global Forest Partners’ bid.
Undertakings by ANZ Terminals to divest a facility in South Australia and to exclude a facility at Port Kembla from the deal alleviates competition concerns, the competition watchdog said.
The competition watchdog has pushed back a decision for a second time. The review was triggered by concerns that the purchase by ANZ Terminals would ‘remove a significant competitor’ from the market.
The Australian competition watchdog will examine how water markets' participants behave and what impact they have on water prices, as well as the extent to which the markets' original objectives have been achieved.
ACCC makes 10 final recommendations for wine grape producers and warns that a mandatory code of conduct could be introduced in 12-18 months if sufficient progress is not made.
The Australian Competition and Consumer Commission has made a series of recommendations to try to increase transparency and certainty of pricing.
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