On 8 May 2020, ACCC revoked an interim authorisation because of the shift in the market situation due to coronavirus. The interim authorisation was granted to five major car rental companies in February 2020 to mutually consult with Cairns Airport that includes negotiations about their lease agreement for space, like parking bays & counter space at the airport.
The ACCC agreed to cancel the interim authorisation following an appeal by the car rental businesses that the ACCC delay its outcome concerning the substantive request.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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