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[January 17, 2013]
Ad ban proposal falls foul of watchdog
Jan 17, 2013 (The Age - ABIX via COMTEX) -- The Australian Competition & Consumer Commission has indicated that it will reject a proposal that would stop retailers advertising discounts on many electrical goods. Narta International wants to be allowed to set a minimum advertising price for its 30 members in Australasia. The regulator's draft decision, issued on 17 January 2013, raised concerns about reduced competition and higher prices for consumers.
Publication Date: 18 January 2013 AUSTRALIAN COMPETITION AND CONSUMER COMMISSION NARTA INTERNATIONAL PTY LTD DAVID JONES LIMITED - ASX DJS JB HI-FI LIMITED - ASX JBH BING LEE ELECTRICS PTY LTD NIKON CORPORATION SONY CORPORATION CANON INCORPORATED WESTINGHOUSE ELECTRIC CORPORATION SMEG
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