Commission publishes practice note on the promotion of competition and inclusion in supplier panels of banks & insurers.
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The Practice Note builds on the enforcement and advocacy work that the Commission has undertaken with Insurers and Banks over the years. The Commission 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.
In this regard, the Commission undertook advocacy engagements with the major banks during 2020, which addressed competition issues related to conveyancing law firms that are on the panels of the major banks.
In this regard, the Commission undertook advocacy engagements with the major banks during 2020, which addressed competition issues related to conveyancing law firms that are on the panels of the major banks.
