ACCC Chairman Rod Sims on the final ruling:
“The ACCC is not satisfied, on balance, that the likely benefits from the proposed conduct outweigh the likely detriments. We are concerned that the proposed conduct is likely to reduce or distort competition in a number of markets”
Sorry fellas.
Time to take your bat and ball and go home now.
Source: ACCC denies authorisation for banks to collectively bargain with Apple and boycott Apple Pay | ACCC