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ACCC v Visa Inc & Ors

Federal Court of Australia, New South Wales Registry

 

File details

Applicant ACCC
Respondents Visa Inc & Ors
Registry NSW
Judge Justice Wigney
Claim Misuse of market power and exclusive dealing
Judgment On 4 September 2015 the ACCC announced that penalties of $18m had been imposed on Visa following admissions as to s 47 contraventions. The section 46 claims were not pursued.
Hearing Matter settled

 

Judgment links

Australian Competition and Consumer Commission v Visa Inc [2015] FCA 1020 (Federal Court page)

Australian Competition and Consumer Commission v Visa Inc [2015] FCA 1020 (AustLII)

Australian Competition and Consumer Commission v Visa Inc [2015] FCA 1020 (Jade)

 

Media and commentary

ACCC

ACCC, 'Visa ordered to pay $18 million penalty for anti-competitive conduct following ACCC action' (ACCC media release, 4 September 2015).

ACCC, 'ACCC commences Federal Court proceedings against Visa Inc' (4 Feb 2013)

Commentary

Simon Snow, Matt Rubintein, Alexandra Lazar, 'Strange currencies: looking for meaning in the ACCC v Visa settlement' (Gilbert + Tobin, September 2015)

Other media

Marianna Papadakis, 'Visa fined $18m in 'clarion call' to multinationals operating in Australia' (AFR, 4 September 2015)

John Conroy, 'Visa fined $18m over currency action' (The Australian, 4 September 2015)

Patrick Durkin, 'Visa faces $20m fine in landmark ACCC case' (SMH, 1 September 2015).

Lucy Battersby, 'Visa sued by ACCC over alleged misuse of market power' (SMH, 4 February 2013)

John Durie, 'ACCC's market power abuse case against Visa a landmark' (The Australian, 4 February 2013)