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Afternoon Update: rental price pain worse than GFC; calls for Qantas fines; and India employs people to make monkey sounds

Households are spending 55% more on housing than they were in June 2005

The Guardian - AU

Qantas should be fined ‘hundreds of millions’ if guilty to send message to companies, ACCC says

Watchdog chair Gina Cass-Gottlieb wants to deliver new record penalty in case alleging Qantas sold tickets for already cancelled flights

The Guardian - AU

Airline accused of selling tickets on more than 8,000 flights that had already been cancelled

Watchdog has accused carrier of ‘false, misleading or deceptive conduct’

The Independent UK

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Qantas cancelled flights partly to retain takeoff and landing slots at Sydney airport, ACCC claims

The competition watchdog’s allegation follows Qantas executives’ denials of so-called ‘slot hoarding’ at two parliamentary hearings

The Guardian - AU

Qantas cancellations: ACCC taking airline to court alleging it sold tickets for planes that would never fly

Australian consumer watchdog launches legal action against Qantas alleging it engaged in false, misleading or deceptive conduct

The Guardian - AU

Flying under the radar: Australia's silent and growing competition crisis

Australia has long had far less competition in consumer markets than the US.

The Conversation

Apple and Google face block on taking cut from in-app purchases in Australia

Changes part of official response to watchdog’s consultation on a mandatory code of conduct for digital platforms

The Guardian - AU

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ACCC to compel companies to back up environmental claims with evidence

Australia’s competition watchdog publishes draft guidelines in a bid to stamp out greenwashing

The Guardian - AU

Guidelines to help businesses avoid 'greenwashing'

The consumer watchdog has issued draft guidelines to businesses to help them avoid misleading consumers over environmental claims.

AAP

Savers warned to show more interest in banking rates

Major banks will have an opportunity to explain why some of their customers are missing out on decent savings rates at a parliamentary hearing.

AAP

Childcare subsidies lessen the sting of surging fees

Out-of-pocket childcare expenses climbed during the past four years despite government subsidies to offset costs, a report says.

AAP

Commuters slugged with price hikes on Sydney, Melbourne and Brisbane toll roads

Prices rise amid concerns from competition watchdog over Transurban’s proposed acquisition of Melbourne EastLink operator

The Guardian - AU

Watchdog concerned by Transurban EastLink road takeover

The ACCC has raised preliminary competition concerns over Transurban's proposed acquisition of Horizon Roads, the operator of Melbourne's EastLink toll road.

AAP

Prime reason to sue Amazon for catching customers in its web

A high profile lawsuit against e-commerce giant Amazon over so-called “dark patterns” will be familiar to regulators in Australia.

The New Daily

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The Guardian - AU

Rex and Bonza call for immediate overhaul of Sydney airport laws to increase competition

Aviation leaders make plea to federal government, saying higher airfares and poorer service will persist without change

The New Daily

ACCC says it’s crucial that rules change to prevent Qantas, Virgin duopoly

The Albanese government is facing growing calls to crack down on major airlines like Qantas hoarding plane slots at Sydney Airport.

The Guardian - AU

Qantas and Virgin given little incentive to cheapen air fares, watchdog warns

ACCC warns airline industry is at ‘critical juncture’ with a developing duopoly stunting competition

The New Daily

Childcare waitlists delaying parents returning to work

A survey into child care by the consumer watchdog has found long waitlists for places are delaying parents returning to the workforce.

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The Canberra Times

New Woolworths will 'lessen competition', watchdog says

ACCC concerned about purchase of IGA, saying there are already two Woolworths nearby.

ABC News

What is a 'subscription trap' and how can Australians avoid it?

More Australians are getting "trapped" in a subscription service for everything from streamers to pet food and clothing. Here's why.

The New Daily

Consumer watchdog turns up heat on banks over savings rates

The ACCC is turning the spotlight on banks over interest rates – especially those paid to savers as borrowers are increasingly slugged.

The New Daily

Qantas takeover of FIFO rival blocked amid competition concerns

The Qantas takeover of Alliance Aviation is in tatters after the competition regulator said it would oppose the $610 million deal.

The Guardian - AU

ACCC rejects claims gas price cap and safeguard mechanism harming new investment

Chair Gina Cass-Gottlieb says it’s not ‘accurate’ to claim the government’s policies were making Australia uncompetitive

The New Daily

ACCC boss ramps up pressure on anti-competitive mergers

The consumer watchdog says it needs bolstered powers to stop takeovers that allow firms to dominate markets with scant competition.

The Guardian - AU

Eastern Australia gas outlook improves but winter shortfall still possible for south, watchdog says

ACCC says better 2023 forecast due to increase in production estimates and less uncontracted LNG that can be exported

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