A system for transferring funds electronically at the point of sale is a substitute for other means by which funds can be transferred. The gateways in the EFT-POS system being implemented by the principal Australian banks appear to deny full participation to other financial intermediaries. But...

Australia is unusual among the world's antitrust jurisdictions in not making the pre-notification of mergers compulsory. However, if the parties are concerned that the Australian Competition and Consumer Commission (ACCC) is likely to object to the merger, there are strong incentives for them to...