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The Latest Breaking News from Gina CassGottlieb

New Woolworths will 'lessen competition', watchdog says

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

The Canberra Times

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

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.

Consumer watchdog turns up heat on banks over savings rates

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.

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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.

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 Guardian - AU

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.

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

The Guardian - AU

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Australia's eastern states will have enough gas, ACCC says

Australia's eastern states will have enough gas, ACCC says

Warnings about a gas shortage across Australia's eastern states have been scrapped after the competition watchdog said supplies would meet demand.

‘Do more to stop scammers’, watchdog tells bankers

‘Do more to stop scammers’, watchdog tells bankers

Banks need to do more to prevent scammers from getting access to customers' funds, the consumer protection watchdog chair has told executives.

Shipping container scams on the rise, as ACCC calls on providers like Facebook to act

Shipping container scams on the rise, as ACCC calls on providers like Facebook to act

Kim Ellison had a simple plan for retirement — to get away from the city, somewhere not too expensive but with enough room for family to stay. Scammers got in the way.

Price of diesel fuel remains stubbornly higher than petrol

Price of diesel fuel remains stubbornly higher than petrol

Russia's invasion of Ukraine is partly to blame for inflated diesel prices, which remain stubbornly higher than the price of petrol

Cost of diesel stubbornly high as war ratchets up price

Cost of diesel stubbornly high as war ratchets up price

The consumer watchdog has blamed the cost of diesel remaining significantly higher than the cost of regular petrol partly on Russia's invasion of Ukraine.

Energy prices, green credentials head ACCC concerns

Energy prices, green credentials head ACCC concerns

The ACCC says competition and consumer issues in relation to energy, telecommunications and environmental sustainability are among its top compliance concerns.

Strong bank profits a 'positive', says RBA boss

Strong bank profits a 'positive', says RBA boss

The Reserve Bank governor has defended robust profits made by banks and says higher rates will eventually start eroding their earnings.

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‘Manipulative’: ACCC cracking down on dodgy social media influencers

Australians are being warned to think twice before believing what they see on social media platforms amid dodgy influencer marketing.

ACCC forecasts 2023 east coast gas shortage, despite federal government intervention

The competition watchdog warns committed east coast gas supplies could fall short in 2023 as it calls on providers to release more of their uncontracted supplies.

Gas shortfall concerns downgraded: ACCC

Australia is not out of the woods when it comes to a domestic gas shortfall but there's enough uncontracted supply available to cover the gap.

Influencer crackdown in full swing as ACCC sweeps social media for hidden ads, undeclared sponsored posts

A cross-platform social media sweep launched this week by the consumer watchdog has already prompted more than 150 tip-offs, mostly in relation to influencers in the fields of beauty, lifestyle, fashion and parenting.

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The Guardian - AU

ACCC to crack down on misleading influencer endorsements across social media

Consumer watchdog received over 150 tip-offs about influencers who reportedly failed to disclose affiliations with products they were promoting

Government says bill relief is coming

Labor has defended the effectiveness of its gas price cap and says it will stop prices ballooning out of control.

Donut King, Michel’s Patisserie owner to pay $10 million in franchisee compo

The behemoth behind franchise chains Michel’s Patisserie and Donut King will pay millions in compensation to franchisees over misconduct.

Major cake shop owner settles, pays $10m

Up to $10 million in debt waivers or repayments will be made to Michel's Patisserie franchisees by the brand owner over allegations it sold loss-making shops.

Consumer watchdog says $21 million Uber fine sends warning over consumer law breaches

About two million Australians saw the misleading cancellation warning that breached consumer law and led to Uber making changes for users of its rideshare app.

The Guardian - AU

‘A sense of urgency’: capping coal prices to reduce power bills would need state support, cabinet told

Exclusive: It is expected Labor will adopt a suite of reforms to address an anticipated 56% increase in electricity prices

The Guardian - AU

Australia’s consumer watchdog calls for new laws to stop scams and rein in anti-competitive behaviour online

ACCC report says digital platforms expose users and businesses to ‘harms’ as it pushes for overhaul

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Gina CassGottlieb

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