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The Latest Breaking News from ACCC

Morning Mail: Australia’s ‘oligopolists’, Musk’s Trump funding, and paths to negative gearing reform

Watchdog’s interim report slams Coles and Woolworths for squeezing out competition; Republican ground game paid for by billionaire’s Pac

The Guardian - AU

ACCC report slams Coles and Woolworths ‘oligopoly’

A new report from the ACCC puts pricing at the major supermarkets under the microscope, and Peter Dutton has equated foreign students with ‘boat arrivals’.

Crikey

Aldi reigns supreme as more customers compare grocers

Aldi has prevailed in a second supermarket basket comparison, a process many customers are carrying out before their weekly shop.

AAP

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Inflation may be falling but business’s drive to maximise profits fuelled Australia’s cost-of-living nightmare

A significant reason for the drop in inflation was the federal government’s energy bill relief fund and the rebates in Queensland, WA and Tasmania

The Guardian - AU

Woolies, Coles price gouging is morally indistinguishable from theft. It will happen again

Investing corporations with their own legal identity was a mistake because it implies they have a soul. They do not.

Crikey

Rates on hold as Labor considers changes to negative gearing

The RBA shocked nobody by holding interest rates at 4.35% yesterday, but the Albanese government may have surprised some by seeking advice on scaling back negative gearing.

Crikey

Psychological tricks behind supermarket discounts

Marketing experts say supermarkets are hitting on a human bias to buy with little thought when presented with apparent discounts.

AAP

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Redditor Seemingly Catches Woolworths Red-Handed With ‘Discount’ Tag Higher Than Regular Price

One Aussie Reddit user has apparently caught Woolworths red-handed with a price tag that doesn't match the discounted tag.

Pedestrian.tv

The Woolies and Coles price-gouging scandal might become an even bigger story

Were brands that have become household names in Australia aware of the pricing plans?

Crikey

'Get your act together': PM calls out supermarkets

Coles and Woolworths have been told to start acting in the interests of Australians after the consumer watchdog accused them of misleading customers.

AAP

Competition minister ‘concerned’ Australians pay most in world to sell their homes online

Agents and critics claim business practices and pricing structure of REA Group - which owns realestate.com.au - stifle competition in market

The Guardian - AU

How ‘was/is’ pricing works – and why it’s landed Coles and Woolworths in court

Competition watchdog has accused supermarket giants of breaching consumer laws with alleged ‘price spike’ practices

The Guardian - AU

Afternoon Update: grocery giants sued over ‘illusory’ discounts; new Socceroos coach; and abducted toddler found after 73 years

Anthony Albanese says if the allegations are found to be true it would be ‘completely unacceptable’ behaviour by the supermarkets

The Guardian - AU

Woolworths and Coles sued by ACCC for allegedly misleading shoppers over the price of more than 500 products

At a time most people are trying to cut their weekly grocery bills, Australia’s supermarket giants have been hit with legal action for allegedly misleading shoppers over the price of hundreds of products.

The Conversation

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Pedestrian.tv

Anthony Albanese Backs ACCC’s Allegations Against Coles & Woolworths: ‘Completely Unacceptable’

Prime Minister Anthony Albanese has spoken out against Coles and Woolworths alleged business practises following the ACCC's announcement.

Pedestrian.tv

The ACCC Is Taking Woolies & Coles To Court Over Price Gouging Allegations

Down, down, the supermarket giants are going down.

The Guardian - AU

AFL stars walk Brownlow medal red carpet – as it happened

This blog is now closed

AAP

Coles and Woolworths head down, down to federal court

The consumer watchdog is taking Coles and Woolworths to court amid allegations the retailers allegedly artificially increased prices on hundreds of goods.

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news in one place.

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The Guardian - AU

Revealed: where property underquoting is rife in Australia – and when buyers are most likely to get stung

Our analysis suggests buyers are better off checking an automated price estimate than going by the real estate agent’s guide

The Guardian - AU

Rod Sims says ‘worth considering’ whether realestate.com.au engaged in anti-competitive practices as Greens blast ‘rigged’ system

Greens say the price hikes arising from REA Group’s dominance underscore need for new price-gouging laws

The Guardian - AU

‘The bear at the door’: estate agents say they fear speaking out about realestate.com.au ‘price gouging’

Multiple agents have told the Guardian that the News Corp-controlled property portal’s dominance has allowed it to quiet critics and aggressively hike prices

The Conversation

The Productivity Commission wants all Australian kids to get 3 days a week of childcare – but it won’t be until 2036

The federal government has released a highly anticipated report into Australia’s childcare system. The report, by the Productivity Commission, says addressing affordability should be a priority. It recommends fully subsidised childcare for families earning under A$80,000 from 2026.

The Guardian - AU

The ‘symbiotic relationship’ that makes selling a house in Australia so damn expensive

Dimitri Chrisis thought he would save money by ditching his real estate agent, but instead it meant the advertising campaign on his suburban home would cost thousands more

The Conversation

How well is the federal government regulating social media in Australia?

This is the fourth piece in a series on the Future of Australian media. You can read the rest of the series here.

The Guardian - AU

Flower company admits to 156 websites posing as local shopfronts in $1m settlement with Australian regulator

ACCC fields 66 complaints about Meg’s Flowers, which fulfilled orders by using other brands under the Flowercorp group parent company

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