Search: ACCC
RBA Glossary definition for ACCC
ACCC – Australian Competition and Consumer Commission. A Commonwealth statutory authority responsible for ensuring compliance with the Competition and Consumer Act 2010 (formerly the Trade Practices Act 1974) and the provisions of the Conduct Code. The Commission's consumer protection work complements that of State and Territory consumer affairs agencies.
Search Results
Conclusions
1 Jul 2021
RDP
2021-07
The rise in mortgage rates has already been shown: the ACCC and PC examine this in their analysis of competition in the Australian mortgage market (ACCC 2018a, 2018b; PC 2018). ... ACCC (2018a, 2018b) conclude that some of the rate rises reflected a
https://www.rba.gov.au/publications/rdp/2021/2021-07/conclusions.html
Macroprudential Limits on Mortgage Products: The Australian Experience
26 Jul 2021
RDP
2021-07
We find that banks' mortgage interest income rose after the IO policy, in line with the ACCC's conclusion, but that the effect was short-lived. ... ACCC 2018b). However, when analysing targeted mortgages, this would more likely understate than overstate
https://www.rba.gov.au/publications/rdp/2021/2021-07/full.html
Introduction
1 Jul 2021
RDP
2021-07
These rate rises partly reflected a desired repricing of risk, although ACCC (2018a, 2018b) also argue that the policies presented a focal point for coordinated anti-competitive price changes. ... We find that banks' mortgage interest income rose after
https://www.rba.gov.au/publications/rdp/2021/2021-07/introduction.html
Other Mortgage Market Outcomes
1 Jul 2021
RDP
2021-07
The ACCC has reached similar conclusions to the PC. ACCC (2018a, p 42) writes:. ... borrowers. Ultimately, the PC and ACCC concerns are that the policies lifted banks' ability to extract surplus value from customers (in a microeconomic sense), by
https://www.rba.gov.au/publications/rdp/2021/2021-07/other-mortgage-market-outcomes.html
References
1 Jul 2021
RDP
2021-07
ACCC (Australian Competition and Consumer Commission) (2018a), Residential Mortgage Price Inquiry: Final Report, Australian Competition and Consumer Commission, Canberra. ... ACCC (2018b), ‘Residential Mortgage Price Inquiry: Interim Report’. APRA
https://www.rba.gov.au/publications/rdp/2021/2021-07/references.html
Data and Variables
1 Jul 2021
RDP
2021-07
ACCC 2018b). However, when analysing targeted mortgages, this would more likely understate than overstate the policy effect estimates.
https://www.rba.gov.au/publications/rdp/2021/2021-07/data-and-variables.html
Policy Effects of the Investor Limit
1 Jul 2021
RDP
2021-07
when the internal limits did not suffice (ACCC 2018a; APRA 2019b).
https://www.rba.gov.au/publications/rdp/2021/2021-07/policy-effects-of-the-investor-limit.html
Policy Effects of the Interest-only Limit
1 Jul 2021
RDP
2021-07
At the time, each of the large banks publicly attributed these IO rate rises to the policy (ACCC 2018a).
https://www.rba.gov.au/publications/rdp/2021/2021-07/policy-effects-of-the-interest-only-limit.html