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The Latest Breaking News from ACCC

Cattle prices to soar but steaks shouldn't cost more

Analysts say cattle prices are set to soar over the next two years but the cost of beef in the supermarket may not break the bank.

AAP

Watchdog confident nation can keep the gas on in winter

There should be enough gas supply to meet demand in the east coast market, as the government commits to working to bringing down prices further for consumers.

AAP

Australia’s east coast forecast to avoid gas shortfall despite claims of looming supply crisis

ACCC report says region is expected to have surplus of six petajoules in third quarter ‘even if all uncontracted gas is exported’

The Guardian - AU

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A comprehensive tally of the eye-watering amount of cash you’ve given Qantas

Just how much public money has the flailing national carrier received in the past few years?

Crikey

Cash crunch talks as money mover Armaguard digs in

A consortium of banks, supermarkets and government departments have been permitted to begin discussing measures in case cash transporter Armaguard collapses.

AAP

Australians urged to have say on supermarket probe

A probe into the supermarket sector will stop accepting submissions on Tuesday, as calls for the government to step in grow.

AAP

'We're sceptical' on supermarket break-up push: Labor

Divestiture powers are rarely used in other countries as Labor remains "sceptical" about the push to break up supermarkets over fears it could hurt jobs.

AAP

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Stamp price hike to cost Aussies a cup of coffee a year

The price of stamps will increase by 30 cents to $1.50, costing the average Australian who sends 15 small letters an extra $4.50 a year.

AAP

Households struggle in face of increasing grocery costs

Australians are feeling the pinch from "sharp increases" in living costs amid rising grocery prices, a national consumer survey shows.

AAP

Canberra hit hard on fuel prices again

But there's some good news for diesel vehicle owners.

The Canberra Times

Morning Mail: Push to outlaw mega donations, Trump’s money woes, social media giants put on notice

Independents want to outlaw large gifts of more than $1.5m; eSafety commissioner issues notices about terror material

The Guardian - AU

Central bank not ruling out further hikes – as it happened

This blog is now closed.

The Guardian - AU

Question time interrupted by Gaza protesters – as it happened

This blog is now closed.

The Guardian - AU

Greens slam cost of living inquiry as Liberal ‘free-market propaganda’ exercise

There’s a wealth of cost of living inquiries at the moment. One, due to report in two months, has descended into a political showdown.

Crikey

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The Guardian - AU

Competition watchdog to call for power of mandatory disclosure in investigations

ACCC chief Gina Cass-Gottlieb wants legislation changed to enable it to force businesses to give up data without the need for government backing

AAP

Fashion retailer sued over 'frustrating' parcel delays

The owner of Katies, Rivers and Noni B has said it will defend a "flawed" lawsuit brought by the consumer watchdog over the alleged slow delivery of parcels.

The Guardian - AU

I contacted my bank to report a scam purchase. Why didn’t it cancel the transaction?

You’ve done all the right things since being scammed, writes Australian consumer law and policy professional Kat George. But there are a few more steps you can take to protect yourself and others

Pedestrian.tv

Woolworths’ Outgoing CEO Will Receive A Payout Of Up To $24 Million Just For Retiring

Woolworths' outgoing CEO Brad Banducci could receive up to $24 million as his "golden handshake" for retiring as CEO.

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Crikey

Keating redux: Competition is having a moment with politicians, but powerful enemies are gathering

While politicians might now be talking about competition, there’s a powerful constituency that prefers things just as they are, thanks.

AAP

'We're not the Soviet Union': PM on supermarket chains

Australians working for major supermarket chains would lose their jobs if the federal government forced them to break-up, Anthony Albanese says.

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

Top News

Australia Regulator Warns ANZ, Suncorp Buyout Not Approved

ACCC warns against assuming approval of ANZ's buyout of Suncorp's insurance arm. Ongoing monitoring to protect competition and consumer interests in the Au...

AAP

ANZ, Suncorp welcome takeover approval as ACCC reflects

ANZ's proposed $4.9 billion takeover of Suncorp's banking arm will proceed after a tribunal found it would not lessen competition but would benefit consumers.

Crikey

Bob Katter says it’s illegal for Australian businesses to refuse his $50. That’s false

When parliamentary cafe staff told Katter cash wasn’t accepted, the MP said, ‘No, no, no, I will stand here and you’ll accept this legal tender. If you don’t you’re breaking the law.’

AAP

Mazda fined $11.5m for misleading buyers on faulty cars

One of Australia's most popular car brands has been fined $11.5 million for misleading nine customers about their rights to refunds or replacement cars.

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