The ACCC is appealing a ruling clearing ANZ of alleged price fixing in the mortgage market. Source: 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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