Government acts to boost local gas supply The competition watchdog has forecast a gas shortfall in the east coast market next year if excess supply is exported, leading to action by the government. AAP · Jul 31, 2022
Samsung Fined $9.8M for Misleading Australian Phone Ads An Australian judge on Thursday ordered Samsung to pay 14 million Australian dollars ($9.8 million) in penalties for misleading advertising over how water-resistant some models of smartphones are. Federal Court Justice Brendan Murphy gave Samsung Electronics Australia, a subsidiary of South Korea-based Samsung Electronics Co., 30 days to pay the… Asharq Al-Awsat · Jul 28, 2022
ANZ's takeover of Suncorp will reduce bank competition – but will that be enough to block it? Australia has one of the world’s most concentrated banking sectors, with its four biggest banks – Commonwealth Bank, National Australia Bank, Westpac and ANZ – holding more than about three-quarters of the market. The Conversation · Jul 21, 2022
Australians lost $2b to fraud in 2021. This figure should sound alarm bells for the future Australian consumers and businesses lost more than A$2 billion to scams in 2021, according to the Australian Competition and Consumer Commission’s (ACCC) annual Targeting Scams report released on Monday. This figure should sounds alarm bells – it’s more than double the $851 million reported lost in 2020. The Conversation · Jul 6, 2022
Why is petrol so expensive in Australia? And when will petrol costs go down? Dreaming of taking a long drive this weekend? Even with the government halving the fuel excise to 22 cents a litre, petrol prices are still high. So what's going on? ABC News · Jun 23, 2022
Aussies Lost $81.5 Million to Crypto Scams This Year: ACCC Australians lost over $AUD 113 million ($81.5m) to cryptocurrency scams between January 1 and May 1 this year, the Australian Competition and Consumer Commission (ACCC) on Monday said. According to ACCC, Australians lost a total of $AUD 205m ($148m) to various scams this year, a 166% increase compared to the… Benzinga · Jun 6, 2022
Australian Watchdog Proposes $19M Penalty On Uber For Misleading Riders Uber Technologies, Inc (NYSE:UBER) could face penalties of up to $19 million (AUD26 million) as the Australian competition regulator finds it guilty of misleading riders. The Australian Competition and Consumer Commission said Uber admitted that between December 2017 and September 2021, it warned consumers they would be charged fees for canceling rides during… Benzinga · Apr 26, 2022
The power of one: Gina Cass-Gottlieb on becoming the first woman to lead the ACCC The high-powered lawyer’s career was dominated by defending the big end of town. So what can Australians expect from her tenure as head of the consumer watchdog? The Guardian - AU · Mar 25, 2022
The ACCC is suing Meta for celebrity crypto scam ads on Facebook. Here's why the tech giant could be found liable On the last day of his 11 years as chair of the Australian Competition and Consumer Commission (ACCC), Rod Sims announced the commission is bringing a “world-first” claim against Meta (owner of Facebook) in the Federal Court for false or misleading conduct. The Conversation · Mar 21, 2022
Reining in the digital giants: Rod Sims on the trials and triumphs of a decade as head of the consumer watchdog Outgoing Australian Competition and Consumer Commission chair reflects on his time as consumer protector and market guardian The Guardian - AU · Feb 25, 2022
Watchdog receives 5000 RAT complaints The Australian Competition and Consumer Commission said it has so far received 5000 complaints through its investigation into rapid antigen tests. AAP · Feb 17, 2022
Claims federal government redirected RAT supplies from businesses referred to ACCC The federal government has started reporting claims it diverted rapid antigen test supplies away from companies to its national stockpile to the Australian Competition and Consumer Commission, describing the accusations as "categorically untrue". ABC News · Jan 20, 2022