ACCC appeals in ANZ price fixing case

The competition watchdog is appealing the Federal Court's decision to clear ANZ of alleged price fixing in the mortgage market.

A woman walks past an ANZ bank branch

(AAP)

The competition watchdog is appealing a recent ruling by the Federal Court clearing ANZ of alleged price fixing in the mortgage market.

The Federal Court in November dismissed the Australian Competition and Consumer Commission's (ACCC) application.

The ACCC had alleged ANZ had required mortgage broker Mortgage Refunds to limit the size of refunds to customers arranging ANZ home loans, which amounted to price fixing as Mortgage Refunds was a competitor in the home loan market.


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Source: AAP


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