ANZ cleared of price fixing

Court dismisses ACCC's allegation that bank breached consumer law.

Allegations that Australia and New Zealand Banking Group (ANZ) breached price fixing provisions in consumer law have been dismissed by the Federal Court, the Australian Competition and Consumer Commission says in a statement.

The ACCC brought proceedings about ANZ's actions in 2004 requiring Mortgage Refunds Pty Ltd to agree to limit the amount of refund it could give customers on arranging ANZ home loans.

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