Competition practice note published to improve conduct, entry barriers, inclusivity

The Competition Commission published a practice note on the Promotion of Competition and Inclusion in Supplier Panels of Banks and Insurers on February 28, building on the enforcement and advocacy work the commission has undertaken with insurers and banks over time.

The commission reports in a May 4 media release that it regularly receives complaints alleging unfair competition practices in supplier panels that relate to the provision of services to customers of banks and insurers, such as conveyancers, various household repairers, automotive repairers and product suppliers.