Consumer protection

Post thumbnail

CHOICE and WEstJustice have called for regulatory intervention to stop insurance companies unfairly pursuing people who rent for claims made on landlord insurance.  This is a CHOICE and WEstJustice media statement, originally published on 6th August, 2021. Read the full investigation. The advocacy groups have presented finance regulator ASIC with evidence of insurers pursuing debts…

Read More Insurers targeting people who rent with unjust bills over $300,000

Post thumbnail

The ACCC is seeking submissions from stakeholders, including consumers, consumer safety advocates, the furniture and television industries, and medical professionals about the safety hazards posed by toppling furniture, such as bookshelves, drawers and televisions. This is an Australian Competition & Consumer Commission media release, originally published on 2nd August, 2021. There have been at least…

Read More Views sought to help prevent deaths and injuries from toppling furniture and televisions

Post thumbnail

Financial Rights Legal Centre is calling on the Australian Government to halt the introduction of new rules that will increase privacy and security risks for people when sharing their financial data. This is a Financial Rights Legal Centre media release, originally published on 30th July, 2021. The government should rescind proposals to: allow the transfer…

Read More Government must go back to the drawing board on new Open Banking rules that undermine Australians’ privacy rights

Post thumbnail

After a review into the safety of inclined infant sleeping products, the ACCC is now seeking views on how best to respond to these potentially deadly products. Infants can suffocate when sleeping in so-called ‘infant inclined products’, such as bouncers, rockers, swings, loungers, bassinet-type products, wedges, recliners and sleep accessories due to the incline, curvature…

Read More ACCC seeks feedback on safety of potentially deadly inclined sleeping products for infants

Post thumbnail

Super fund lobby groups have dumped a code of conduct that could have improved how funds handle life insurance claims. Consumer groups Super Consumers Australia and Financial Rights Legal Centre are calling out a self-interested move from industry lobby groups including the Australian Institute of Superannuation Trustees (AIST), the Association of Super Funds Australia (ASFA)…

Read More Super lobby groups fail to keep promises to consumers

Post thumbnail

The Australian Energy Regulator (AER) today released five compliance and enforcement priorities for 2021-22, which include a major focus on protecting energy consumers. This is an Australian Energy Regulator (AER) media release, originally published on 23rd June, 2021. AER Chair Clare Savage said the AER will be monitoring retailers to ensure they identify residential consumers in…

Read More AER’s 2021-2022 compliance and enforcement priorities: Consumer protection

Post thumbnail

The UK’s financial services conduct regulator, the Financial Conduct Authority (FCA), wants “higher level of consumer protection in retail financial markets, where firms are competing vigorously in the interests of consumers”. A key part of this is a new ‘Consumer Duty’.  The consultation proposes:  a new Consumer Principle that provides an overarching standard of conduct; and  a set of Crosscutting Rules and four Outcomes that…

Read More UK’s Financial Conduct Authority proposes a new “consumer duty” – is it needed in Australia?

Post thumbnail

Consumer Action has welcomed the Victorian Government’s announcement today that it is banning high-pressure sales tactics like unsolicited door-to-door sales and cold-calling to protect people from being taken advantage of by energy retailers. The Victorian Government has also announced plans to ban door-to-door sales of solar panels through the Solar Homes Program. This is a Consumer Action Law Centre media release, originally published on 25th…

Read More Tougher rules banning aggressive energy & solar sales a big win for all Victorians

Post thumbnail

On Monday 12 April, Consumers’ Federation Australia (CFA) and the Australian Competition & Consumer Commission (ACCC) co-hosted the Consumer Advocacy Showcase & Award, in the final online session for the 2021 ACCC National Consumer Congress. The Showcase celebrates effective and good practice within consumer advocacy. The joint-winners were Fiona Guthrie, with Who’s Making Australians Bankrupt?; and Matthias Oldham, with Junk Insurance…

Read More CFA & ACCC Consumer Advocacy Showcase & Award Winners

Post thumbnail

Super Consumers acknowledges positive steps, with the reforms to deliver fairer super outcomes for women and additional funding for consumer advocacy “Tonight’s budget is a step towards fairer super”, says Xavier O’Halloran, director of Super Consumers Australia. “We welcome the progress made. Financial comfort in retirement is key to people’s wellbeing. Nobody should be left…

Read More Federal Budget “a step towards fairer super”