ACCC v Visa Inc & Ors
Federal Court of Australia, New South Wales Registry
|| Visa Inc & Ors
||Misuse of market power and exclusive dealing
||On 4 September 2015 the ACCC announced that penalties of $18m had been imposed on Visa following admissions as to s 47 contraventions. The section 46 claims were not pursued.
Media and commentary
ACCC, 'Visa ordered to pay $18 million penalty for anti-competitive conduct following ACCC action' (ACCC media release, 4 September 2015).
ACCC, 'ACCC commences Federal Court proceedings against Visa Inc' (4 Feb 2013)
Simon Snow, Matt Rubintein, Alexandra Lazar, 'Strange currencies: looking for meaning in the ACCC v Visa settlement' (Gilbert + Tobin, September 2015)
Marianna Papadakis, 'Visa fined $18m in 'clarion call' to multinationals operating in Australia' (AFR, 4 September 2015)
John Conroy, 'Visa fined $18m over currency action' (The Australian, 4 September 2015)
Patrick Durkin, 'Visa faces $20m fine in landmark ACCC case' (SMH, 1 September 2015).
Lucy Battersby, 'Visa sued by ACCC over alleged misuse of market power' (SMH, 4 February 2013)
John Durie, 'ACCC's market power abuse case against Visa a landmark' (The Australian, 4 February 2013)