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A number of life insurers appear not to be taking their obligations under the Life Insurance Code of Practice (the Code) seriously, according to a report released on Friday by the Life Code Compliance Committee (the Committee) – the independent Committee which monitors and enforces industry compliance with the customer service standards set out in…

Read More Report shows life insurers need a stronger commitment to their Code compliance obligations

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The Australian Energy Regulator (AER) and Australian Competition and Consumer Commission (ACCC) on Friday published Testing Comprehension of the Reference Price, research jointly commissioned from the Behavioural Insights Team (BIT). This research provides new insights about the ways consumers understand electricity offers and the AER and the ACCC will use these insights to consider how…

Read More New research shines light on how consumers understand electricity offers

A black calculator next to a hard copy bank statement A black calculator next to a hard copy bank statement

A new research report by the Consumer Policy Research Centre explores the global response to COVID-19, with nationwide survey of 1114 Australians showing people are drawing on limited resources just to make ends meet. 12 million Australians are concerned about the impact of COVID-19 on their financial wellbeing; 1 in 5 are ‘very’ concerned Almost…

Read More 1 in 4 Australians are struggling to pay for essentials such as energy, groceries and insurance, adding to existing rent and mortgage stress

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Consumers should look out for unexpected international transaction fees when buying online from major brands, the ACCC has warned. Even websites with a .com.au domain name or that appear to be Australian based may process transactions overseas, meaning consumers can get charged an international transaction fee even for a purchase made in Australian dollars. The…

Read More Consumers urged to look out for unexpected international transaction fees

A padlock in front of a screen full of computer code A padlock in front of a screen full of computer code

Working from home has specific cyber security risks, including targeted cybercrime. The Australian Cyber Security Centre (ACSC) has tips when working from home. Consumer groups are pushing for stronger cybersecurity responses from governments, internet providers and manufacturers, with clear and actionable guidance for consumers. Standards Australia has joined with AustCyber, industry leaders and the NSW…

Read More Working from home and cybercrime – how safe is my information?

An aeroplane wing An aeroplane wing

The Morrison Government has directed the Australian Competition and Consumer Commission (ACCC) to monitor domestic air passenger services for a period of three years. The Government has consistently said Australia’s national interest is best served through having a sustainable, competitive aviation sector. ACCC monitoring will assist in protecting competition in the domestic passenger airline market,…

Read More ACCC directed to monitor domestic air passenger services

Two children riding bicyles on a path in the woods Two children riding bicyles on a path in the woods

Protection given by a helmet for recreational activities goes a long way in preventing serious head injuries. The recently published third edition of the Australian/New Zealand standard AS/NZS 2063:2020 Helmets for use on bicycles and wheeled recreational devices addresses these concerns. The objective of the updated Australian/New Zealand standard is to provide lightweight helmets that…

Read More Why you should use a helmet when skateboarding or cycling