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Summary Of Australian Competition And Consumer Commission V Ticketek

1356 Words6 Pages

Australian Competition & Consumer Commission v Ticketek Pty Ltd (2011) Nature of the Case and the central legal issue Australian Competition and consumer law (ACCC) held proceedings in 2011 against Ticketek Pty Ltd at the Federal Court for contravening with Section 46 of the Trade Practices Act now known as the Competition & Consumer Act (2010) at four instances. Tickettek was alleged for deterring or preventing Lasttix from engaging in competitive conduct in the ticketing related services market when they refused to apply discounted prices that were to be published by Lasttix (a rival ticketing company) & by doing so taking advantage of their substantial market power . The parties agreed to the pecuniary penalty issued by the federal court of $2.5 million on the 22nd December 2011 . Reasons for Choice & Importance of Case The Ticketek case is a prominent misuse of market power scenario in which a commercial decision of meeting the bottom line was made by not helping the competitor, which is understandable in terms of business. However, as a …show more content…

Australian Competition & Consumer Commission Press Release: 'Ticketek Pty Ltd penalised $2.5 million for misusing its market power' (Release # NR 253/11), 22 December 2011 < http://www.accc.gov.au/media-release/ticketek-pty-ltd-penalised-25-million-for-misusing-its-market-power> 2. Adrian Coorey, 'Ticketek penalised $2.5 million: A reminder that misusing market power is taken seriously' (2012) 27(7)Competition & Consumer Law News 231 3. Elizabeth Stary, 'Misuse of market power and the Ticketek decision' (Mondaq, 14 July 2012) 4. <http://www.mondaq.com/australia/x/186606/Antitrust%20Competition/Misuse%20of%20market%20power%20and%20the%20Ticketek%20decision=> 5. Michael Terceiro, 'ACCC v Ticketek - a non-event?' (2012) 64(3) Keeping Good Companies 158-161

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