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The Latest Breaking News from Allan Fels

Why the carbon offset 'swear jar' needs an overhaul

Firms relying on carbon offsets to tout their green credentials and reduce their environmental footprints are under fresh scrutiny after a court settlement.

AAP

Are accusations Australian supermarkets are price-gouging inflated?

The Albanese government pledges to crack down on ‘price-gouging’, but there is no clear definition of what it is – and charging high prices is not illegal

The Guardian - AU

Motorists need only half a week to pass $60 toll 'cap'

The high cost of tolls in Sydney is on display again with data showing thousands of motorists generally hit the $60 cap by midweek.

AAP

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Bridget McKenzie forced to deny her oped on aviation divestiture signals support for breaking up Qantas

Just hours after opinion appears in AFR, shadow minister clarifies divestiture as ‘one of the various tools the treasurer needs to look at’ but not Coalition policy

The Guardian - AU

The WA government wants to bring Oasis to Australia. Dynamic ticket pricing will probably come with them

Neither price gouging nor sudden increases are illegal, as long as consumers are not misled – but consumer and music industry advocates hope artists take a stand

The Guardian - AU

The era of privatisation is nearly over. But cleaning up the mess left behind will take years

From the 1980s until recently, politicians saw privatisation as a way to get a big bucket of money to spend on popular projects

The Guardian - AU

Sydney tollway overhaul 'chance to fixed flawed system'

Lower and uniform charges have been recommended across all of Sydney's motorways after a sweeping review of the harbour city's "unfair" toll road system.

AAP

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Tolls should be higher on harbour bridge and tunnel to help cut prices in western Sydney, report says

Independent review recommends government establish NSW Motorways management body that could rejig city-wide toll settings

The Guardian - AU

Sydney Harbour Bridge and tunnel drivers would be charged tolls in both directions under shakeup

NSW government’s interim report on Sydney’s toll road network would use a ‘declining distance-based rate’ of tolling

The Guardian - AU

Light-touch competition policy hasn’t helped Australian mortgage holders. It’s time to get tough

Acquisitions such as ANZ’s of Suncorp should be presumed to be anticompetitive until proven otherwise

The Guardian - AU

Loyalty taxes and the other problems with insurance in Australia

Why does seeking insurance have to be so difficult?

Newcastle Herald

Revamped Newcastle Ocean Baths aren't just for the fit and fabulous

Email letters@newcastleherald.com.au or text 0427 154 176.

Newcastle Herald

AGL Energy posts $576m half-year profit as it rejects accusations of price gouging consumers

The company’s CEO says he’s ‘acutely aware of the cost of living pressures both our customers and the broader community is under’

The Guardian - AU

Competition void leaves specialist patients 'worse off'

Calls to name and shame medical specialists charging excessively high out-of-pocket costs have been revived following a pricing review by economist Allan Fels.

AAP

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The Guardian - AU

For corporations, greed is good – so how can Australia really tackle price gouging?

Restoring wages, breaking up dominant firms and more extensive price regulation are all ways we can make an economy that serves people, not profits

Pedestrian.tv

Your 5-Min Explainer On The Coles & Woolies Price Inquiry — And What It All Means For You

Coles and Woolworths have made their initial submissions to the Senate Inquiry Into Supermarket Prices, as the government works to tackle the seemingly endless increases to our grocery bills.

The Guardian - AU

The RBA says it’s still worried about inflation, but few believe this will mean higher interest rates

Instead of claiming demand factors are the main reason for inflation, the spotlight should be on companies’ pricing decisions

The Guardian - AU

Qantas decision to reduce flight capacity may have led to RBA rate hike, inquiry finds

The ACTU inquiry into price gouging chaired by Allan Fels strongly criticised the lack of competition in Australia’s domestic aviation industry

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AAP

Price gouging is everywhere, on everything, all at once

Leading economist Allan Fels says a lack of competition and exploitative practices are just a few reasons why Australia needs to look more closely at prices.

The Guardian - AU

Chair backs managing director – as it happened

This blog is now closed

AAP

Price-setting 'missing' in the inflation story: Fels

Former competition watchdog chair Allan Fels is scrutinising the connection between corporate price setting and profits and current high inflation.

The Guardian - AU

Government’s Climate Active program should be probed for potential greenwashing, Allan Fels says

Former ACCC boss has told a Senate inquiry the certification program could be guilty of ‘misleading and deceptive conduct’

Fortune

‘I’m incredibly privileged’: Deloitte Australia’s CEO says he’s not worth his $2.3 million pay package at public hearing

Adam Powick admitted to being overpaid at a public hearing that is part of a larger inquiry into the integrity of consulting firms following a tax scandal at PwC.

The Guardian - AU

Australian government spending on big four consultancy firms up 1,270% in a decade, analysis shows

PwC, Deloitte, KPMG and EY face scrutiny as critics warn core functions of democracy should not be outsourced

The New Daily

Alan Kohler: Time to revisit the Allan Fels system of price control – naming and shaming

It’s time to revisit the Fels system of price control.That is – put some resources into price surveillance, and name and shame the gougers.

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