© Reuters. FILE PHOTO: A web page with the Australian URL of Amazon is shown in this photo illustration in an office in Sydney, Australia, April 20, 2017. REUTERS / Jason Reed / illustration photo
SYDNEY (Reuters) – The Australian antitrust agency on Thursday launched an investigation into the local entities of Amazon.com Inc (NASDAQ :), eBay Inc (NASDAQ 🙂 and other online markets to ensure fairness in a sector where the Sales have skyrocketed due to the coronavirus pandemic.
The Australian Competition and Consumer Commission (ACCC), which previously imposed the world’s strictest rules on content licensing against internet giants Facebook Inc (NASDAQ 🙂 and Google by Alphabet (NASDAQ 🙂 Inc. are calling for industry proposals.
“Online marketplaces are an important and growing segment of the economy, so it is important that we understand how online marketplaces work and whether they work effectively for consumers and businesses,” ACCC Chairman Rod Sims said in a statement. “We want to make sure that the rules that apply to traditional retail are also adhered to in the online context.”
The ACCC investigation will last until mid-August with a final report in March 2022. Local representatives from Amazon and eBay were not immediately available for comment.
The ACCC will examine the relationships between major online markets and third party sellers and buyers, including the impact on competition and the handling of data, complaints and reviews.
Amazon hasn’t achieved the market dominance it has seen elsewhere since launching in 2017, but it still doubled sales on the 2020 calendar, ACCC said.
Overall, Australian online purchases rose 57% in 2020 for a record $ 50.5 billion amid a string of coronavirus lockdowns, the regulator added.
The ACCC said it had received widespread complaints, including “the quality of goods sold on marketplaces, the timeliness of remittances to sellers, the presentation of goods on marketplaces, and the level of support marketplaces provide to consumers in disputes” . arise “.
The ACCC has conducted a number of investigations over the past few months as part of a broader investigation into digital platform services.
($ 1 = 1.3609 Australian dollars)
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