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The Latest Breaking News from ACCC

Government pushes gas trigger out to 2030

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.

Crikey

With fake photographs of fully-furnished homes, scammers target renters who are desperate to secure housing

Scammers are taking advantage of hundreds of people who are struggling to find affordable housing in the tight rental market, with the consumer watchdog reporting an increase in real estate scams during the pandemic.

ABC News

Federal government settles dispute between ACCC and construction union for more than $1 million in legal costs

The federal government ends a long-running battle between Canberra's construction union and the Australian Competition and Consumer Commission (ACCC) over a failed prosecution, with a settlement of more than $1 million for legal costs.

ABC News

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Why is diesel so expensive? Retailers are charging 20c per litre more than they should, fuel watchers say

Australians are paying about 20 cents a litre more for diesel than they should be, consumer advocates say. They say there doesn't seem to be a good answer for the high prices.

ABC News

Mastercard denies ACCC allegations

Mastercard has denied that it tried to reduce competition by deterring customers from using EFTPOS as it defends Federal Court proceedings by the ACCC.

AAP

$26m Uber fine excessive, judge believes

A Federal Court justice believes an agreed $26 million fine for Uber over its misleading conduct is excessive.

AAP

Elton's Yellow Brick Road stretches on

I thought I had already been to The Farewell Yellow Brick Road tour. I thought it was at Hope Estate in January 2020 with around 20,000 others.

Newcastle Herald

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Caravan industry slammed by ACCC as customers complain they are being treated 'like garbage'

Instead of beachside holidays and new memories, Denise Tiyse says her caravan was plagued with issues and the supplier couldn't care less.

ABC News

Australians make 63,000 complaints about mobile services during pandemic

The shift to mobile phone usage over the pandemic has been accompanied by 63,000 complaints between July 2020 and March 2022, according to a new report.

The New Daily

Queensland ALP has a conflict of interest in Suncorp. Jim Chalmers should declare it

The federal treasurer has an obligation to disclose how Labor will deal with its multimillion-dollar stake in Suncorp. Transparency is crucial.

Crikey

Petrol prices could soon fall to $1.85 but diesel remaining high

Petrol could fall below $1.85 a litre as global prices for crude oil slide. But are retailers passing on the falls?

ABC News

The Loop: ANZ takes over Suncorp, Rugby Australia issues a life ban to a spectator, and the UK prepares for its hottest day ever

Get up to speed on today's headlines with The Loop.

ABC News

Damaging ANZ-Suncorp dalliance is a test for the government and the ACCC

ANZ’s proposed acquisition of Suncorp’s banking arm is bad news for competition and should be axed by regulators.

Crikey

COVID-19 lockdowns see rise in bank and credit-card fraud as more people work and shop from home

More Australians have had money stolen from their bank or credit-card accounts during the pandemic due to a growth in online shopping. While most victims are reimbursed by their financial institutions, there are some grey areas.

ABC News

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The Guardian - AU

Small number of Australian petrol stations investigated for not passing on fuel excise price cut

Consumer watchdog says most locations relayed 20c cut to motorists, while treasurer confirms concession still likely to end on 28 September

The Guardian - AU

SMS scams: mobile companies could face fines of up to $250,000 under new Australian code

New regulations require scam messages to be traced, identified and blocked and for information to be shared with authorities

The Guardian - AU

Labor vows to shake up ‘cosy monopolists’ with fines of up to $50m for anti-competitive behaviour

Andrew Leigh says stopping ‘excessive market concentration’ is key to lifting competition to benefit workers and consumers

The New Daily

‘So damaging’: Pet scams increase by 1000 per cent during COVID-19 lockdowns

Scammers raked in $4.2 million through pet-related fraud in 2021, an increase of more than 1000 per cent since the beginning of the pandemic.

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The Conversation

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.

ABC News

Scammers stole over $2 billion from Australians last year — more than double 2020's total: ACCC

Scammers stole more than $2 billion from Australians last year — more than double the amount from 2020. Here's why losses from scams are going up so fast.

AAP

Ultra Tune accused of contempt of court

Automotive servicing firm Ultra Tune has been accused by the ACCC of contempt of court after being hit with a $2 million penalty for a franchisee rort.

Newcastle Herald

Labor under pressure to fund Newcastle container terminal

The federal government has labelled the Morrison government's plans to spend $250million to establish a container terminal at the port of Newcastle as a 'cruel hoax', as it comes under pressure to financially support the project.

ABC News

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?

Benzinga

Court Penalizes Samsung Australia For Misleading Smartphone Ads

A court penalized Samsung Electronics Co, Ltd's (OTC:SSNLF) Australian unit A$14 million ($9.65 million) for nine misleading advertisements regarding a water-resistance feature in some of its smartphones, Reuters reports citing Australia's competition regulator. Between March 2016 and October 2018, Samsung Australia ran advertisements showcasing the water-resistant feature, making them ideal for pools or sea…

The Guardian - AU

Samsung agrees to pay $14m penalty over misleading Galaxy ads

Federal court approves settlement between Australia’s competition watchdog and tech company over phones marketed as water-resistant

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