By failing to manage sustainability issues such as those affecting social capital, environmental capital, and leadership and governance, companies may face direct financial impacts.
The competition watchdog reported hearing ‘concerning’ reports from suppliers about being paid prices below the cost of production but having ‘little choice but to agree to highly unfavourable terms’.
Parasports couldn’t exist without classifying competitors by their physical and mental limitations. But the process is far from perfect, and a handful of athletes have tried to game the system.
Pierre de Coubertin hoped to channel the best of the ancient ceremonies into a new tradition that could foster both national pride and international harmony.
Before their demise, both Rex and Bonza had criticised the way airport slots are allocated at Sydney airport, arguing it locked them out of the premium takeoff and landing times needed to compete.
Across the economy, similar things tend to have similar prices. Have these been driven to their lowest natural level by competition? Or are firms abusing market power to charge whatever they want?
On one hand, the government has just waved through one of the biggest banking mergers of the last 20 years. On the other, they’ve been waving the big stick at Australia’s supermarket oligopoly.
Researchers used AI to analyze photos of Olympic medalists and found that bronze medalists appeared happier than silver medalists. A cognitive process called ‘counterfactual thinking’ may explain why.
Bree Hurst, Queensland University of Technology; Carol Richards, Queensland University of Technology; Hope Johnson, Queensland University of Technology, and Rudolf Messner, Queensland University of Technology
A Senate enquiry has found both suppliers and customers of our supermarkets are struggling. Regulators have to find a way to rebalance the market, which doesn’t make these groups bear the cost.
The ACCC has prioritised getting timely compensation to affected customers over pursuing the airline on the more serious charge of collecting fees for no service.
Making a jet airline succeed hinges on three key factors – market scale, airport access, and geography. Australia offers new entrants a brutal starting ground on all three.
Rod Sims, Crawford School of Public Policy, Australian National University
The government’s proposed merger reforms put the experts in charge. They will allow the Australian Competition and Consumer Commission to be the decision-maker, not the courts.
Carol Richards, Queensland University of Technology; Bree Hurst, Queensland University of Technology; Hope Johnson, Queensland University of Technology, and Rudolf Messner, Queensland University of Technology
Proposed toughening of the food and grocery code of conduct is long overdue. However, the Australian Competition and Consumer Commission will need to be well resourced to properly regulate the sector.