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Australian competition regulator loses appeal in ANZ price-fixing case

( July 31, 2015, 05:36 GMT | Official Statement) -- MLex Summary: The Federal Court of Australia dismissed an appeal by the Australian Competition and Consumer Commission against a 2013 decision dismissing the regulator’s price-fixing allegations against the Australia and New Zealand Banking Group. The ACCC instituted proceedings against ANZ in August 2007 over allegations the bank sought to limit the amount of refund a mortgage broker, Mortgage Refunds, could provide to its customers in arranging ANZ home loans. The regulator's full statement follows:...

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