Plenty of people on low incomes are terrific at budgeting; they have to be!Read More Want to be MoneySmart? Halve your income!
New ACCC Chair Rod Sims has set out his two major priorities for the ACCC and identified 6 other key approaches to be adopted by the ACCC Sim’s said his first overarching goal is to ensure that the ACCC grows and improves as an essential Australian institution. Our society depends on the strength of its…Read More New ACCC Chair sets out priorities and approach
As part of a “Future Directions’ speech the incoming Chair of the Australian Competition and Consumer Commission, Rod Sims, outlined the ACCC’s approach to electricity prices as part of a discussion about how the various tools available to the ACCC will be coordinated. He noted that the Australian Energy Regulator [AER] is looking closely at…Read More Electricity: ACCC to look at network prices and poor selling practices
ASIC has released a consultation paper and draft regulatory guide containing best practice guidance for the advertising of financial products and financial advice. The work seeks to promote confident and informed investors and financial consumers, noting the important role that advertising can play in helping investors to make important financial decisions. The Chairman of ASIC,…Read More ASIC releases new advertising guidelines for financial products and advice
Persons with disabilities make up an estimated 10 per cent of the world’s population, eighty per cent of which reside in developing countries. Furthermore, a quarter of the global population is directly affected by disability, as care-givers or family members. [source: UN International day of Persons with Disabilities 2011 Introduction. See www.un.org/disabilities/default.asp?id=1561] To support this…Read More Standards Australia Technical Committee ME-064 Access for People with a Disability
Eleanor Sumner has been the CFA representative on Standards Australia Technical Committee ME-064 Access for People with a Disability for approximately 10 years. Her work as a consumer advocate extends beyond her work with the Consumers Federation of Australia. Eleanor has had a life long commitment to women’s issues. After serving in the Women’s Royal…Read More Introducing CFA Standards Project representative Eleanor Sumner
Standards Australia has two committees working in this area which include CFA representatives. With recent controversy on claims made by a sunscreen without nano particles, the work of the committees is as important as ever. CS-042 Sunscreen Agents is currently revising AS/NZ 2604:1998 Sunscreen products: evaluation & classification with the aim to bring it more…Read More Sunscreen and nano tech – safety and consumers’ right to know?
ACCC mandatory product safety reporting triggers recalls Issued 16th August 2011 The Australian Competition and Consumer Commission has released figures for the first six months of the mandatory reporting product safety requirement under the Australian Consumer Law. http://www.productsafety.gov.au/content/index.phtml/itemId/988537 ACCC institutes proceedings against Trade Quip over labelling of hydraulic trolley jacks Issued 25 July 2011…Read More August product safety news
The Commonwealth government has announced proposals to limit the exploitation of people desperate for a small loan. According to Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, draft legislation would improves the rules around payday lenders “These proposals seek to stop payday lenders from overcharging consumers who are desperate for money, by…Read More Payday lending reforms proposed to protect consumers
Prices, products, pressures, protections. And politics. A briefing and discussion For legislators, policy makers, industry, consumer advocates. Australian energy prices are rising fast – faster than inflation, faster than wages, and faster than in other advanced economies. The energy market and its products are becoming more complex. Find out why and what this means for…Read More Energy at home: Current issues for consumers: Tuesday 13 September
Court penalises SMS Global $85,000 for misleading consumers Issued 10th August 2011 NR 139/11 The Federal Court in Melbourne has imposed penalties totalling $85,000 against SMS Global Pty Ltd (SMS Global) and its Director, Carl Krumins for misleading consumers by falsely representing that it was endorsed by the government. Brazilian Blowout ‘formaldehyde-free’ representations likely to…Read More ACCC Consumer Protection Enforcement, August 2011
SCAM ALERTS [Visit SCAMwatch at www.scamwatch.gov.au for all SCAMwatch radar alerts] New round of scam scratchie cards in the mail August 2011: SCAMwatch and Carnival Australia are warning Australians to beware of a new spate of scam scratchie cards and travel brochures sent in the mail. http://www.scamwatch.gov.au/content/index.phtml/itemId/867806 Computer remote access scammers now masquerading as Telstra…Read More New Scam Alerts – ACCC