The Big C’s
An opinion writer in the Kalgoorlie Miner wrote his column for today’s edition. Doug Daws bemoans the fact that the big C’s of Australian regulators ACCC, ASIC and CCC have not scored with any of their high profile cases. In the latest setback to the ASIC, Federal Court Judge John Gilmour was brutal in his judgement and in awarding costs against ASIC.
Doug Daws asks the question whether ASIC was serious in its attempt or whether it was actually an attempt to further careers in ASIC and pad lawyers bank accounts. He states
As far as the Average Australian worker is concerned the Big C’s (CCC, ASIC and ACCC) are useless, overpaid, over-promoted, under-worked and hopelessly incompetent.
Harsh words but the ACCC has admitted that it knows how the Aussie petrol companies keep in touch and it can do nothing about it. News article is here. One of those companies is Caltex, which the ACCC has turned down in its bid to take over some Mobil sites as it will be anti competitive. I expect that this will be challenged and the ACCC will lose that too. Caltex is the company that issued the infamous FUD memo that instructed its employees to actively destabilise its franchisees confidence. Perhaps the Mobil retailers can expect something similar?
Nice people, so when the VP for SE Asia told me that her company would charge me a higher wholesale price as I was not following price guidelines I was not surprised. Nor was I surprised when the NZ Commerce Commission thought that was not anti competitive.
It appears that the Kiwi version of the Big C is just like its cousins across the ditch.



