Complaints

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A new online tool launched today means Australians can see how their insurer, bank, financial adviser, superannuation fund or other financial firm has responded to consumer complaints brought to the Australian Financial Complaints Authority (AFCA).  In a move designed to increase transparency and consumer education, AFCA has today released its comparative reporting tool, the Datacube.…

Read More AFCA’s new ‘Datacube’ enables Australians to see how Financial Firms are handling Complaints

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Australians in dispute with their bank, insurance provider, super fund, or other financial firms have lodged 73,000 complaints with the financial sector’s new ombudsman and have been awarded $185 million in compensation, in the first 12 months of its operation. The Australian Financial Complaints Authority (AFCA) is today celebrating 12 months since it opened its…

Read More $185 million in compensation awarded to consumers in AFCA’s first 12 months

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Residential consumers and small businesses made 32,801 complaints in the first quarter of 2020 (1 July 2019 to 30 September 2019). In this period complaints about phone and internet services increased 6.3 per cent compared to the same period in 2018. This data was highlighted in the Telecommunications Industry Ombudsman’s Quarter One 2020 Complaints report…

Read More TIO reports increase in phone and internet complaints

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Data released by the Public Transport Ombudsman Ms Treasure Jennings today shows an overall increase in complaints to her office of 21% over the past year. Ms Jennings said that the rise was largely attributable to complaints about Public Transport Victoria, Metro Trains and V/Line, while complaints about Yarra Trams and bus operators have stabilised.…

Read More Public Transport Ombudsman reports 21% increase in complaints

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The Code Governance Committee (the Committee), has launched its website insurancecode.org.au. The Committee’s website is an independent resource for consumers, small business and Code subscribers that will be periodically updated with news about its work and publications. The Committee’s website includes: information about the Committee and what it does, the Code and Code subscribers information…

Read More General Insurance Code Governance Committee launches website

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A report released by the Insurance Brokers Code Compliance Committee (the Committee) has found that insurance brokers who subscribe to the Insurance Brokers Code of Practice (the Code) need to reduce the length of time they take to respond to and resolve complaints if they are to build and maintain consumer trust in the sector.…

Read More Insurance brokers must do better for consumers when it comes to handling complaints

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The new Banking Code Compliance Committee (BCCC) will monitor banks’ compliance with the 2019 Banking Code of Practice (the Code). The BCCC will work with banks and stakeholders to ensure that the high standards of service and other promises made to customers through the Code are embedded and adhered to by the 19 banking groups that subscribe…

Read More New Banking Code Compliance Committee open for business

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Australian residential consumers and small businesses made 60,998 complaints to the Telecommunications Industry Ombudsman in the last six months of 2018 (1 July 2018 to 31 December 2018). In this period, complaints about landline, mobile and internet services, decreased by 27.7 per cent compared to the same six month period in 2017. Publishing the Telecommunications…

Read More Phone and internet complaints down between July and December 2018

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Large retailers supplying high value electrical appliances and whitegoods, such as refrigerators, computers and washing machines, will be a key enforcement priority for the ACCC in 2019. “We’re concerned that many manufacturers and large retailers are not complying with consumer guarantee laws and this will be an area of renewed focus for us this year,”…

Read More ACCC 2019 focus on consumer guarantees and anti-competitive practices

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The Australian Labor Party has announced a proposed ‘super complaint’ function for our consumer watchdog, the Australian Competition and Consumer Commission (ACCC). Under the proposal, a ‘super complaint’ from designated consumer or small business groups about consumer or competition issues would require the ACCC to investigate and make a public response, including its proposed action,…

Read More Labor proposes ‘super complaints’ policy

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Breaches of complaints standards by insurance companies more than doubled to 4,079 in 2017–18, according to an audit released today by the General Insurance Code Governance Committee (CGC). These breaches amount to more than one-third (35%) of the total Code breaches by subscribing insurers. The Independent Chair of the CGC, Lynelle Briggs AO, said consumer…

Read More Insurers wasting opportunities to learn from complaints