What it does highlight though, is the ACCC’s impotence and irrelevance.

Sure, they (the ACCC) might be able to smack a small target or two (like Wayne Ormond) around now & again, but when it comes to the industry heavyweights, the ACCC are simply moribund.

It also seems that the natural progression of competition in this country, eventually results in just two large players and the rest picking up the scraps.

Whether the industry is petrol, retail, grocery, banking etc, these oligarchs are simply modern day lords of the realm with the general public having to accept price gouging and inflated pricing as a rule.

And the bureaucrats simply dither around with insignificant targets, to make themselves seem relevant. Pathetic.

Blind Freddy would have seen what would happen post Bankwest & St George. Even the yanks (with their anti trust laws) hammered Microsoft when they hauled them up for bundling its flagship Internet Explorer web browser software with its Microsoft Windows operating system.

Bit like a Big 2 bank, owning the product, owning the aggregation company & controlling distribution. A bit like a monopoly, don’t you think. I’ll concede it’s not quite the same….but if it walks like a duck….!!