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Dr Gill Asks: Why Isn’t Electricity Priced as Clearly as Petrol?

The following is a piece by Dr Martin Gill, a CFA representative on a number of Standards Australia Technical Committees.  Petrol pricing hides a complex global market. Consider the numerous steps in supplying petrol: Crude oil is traded on a wholesale market with prices affected by global events Highly risky searches are undertaken for new [...]

By | August 9th, 2017|Standards|0 Comments

Join Consumer Action’s Campaign against Debt Vultures

Live debt free! Take control! Never stress about money again! Maybe you’ve seen one of the TV or radio ads that Debt Vultures use to flog services such as “repairing” credit reports, debt negotiation, personal budgeting, and debt agreements. Debt Vultures give bad advice and spruik so-called "debt solutions" to Australians in financial hardship, and waste [...]

By | August 8th, 2017|Campaigns|0 Comments

Car Companies Caught Refitting Lethal Airbags – CHOICE

A CHOICE investigation into the largest automotive recall in Australian history has found Toyota, Mazda, BMW, Lexus and Subaru have been refitting vehicles with potentially faulty airbags and have failed to inform consumers of the ongoing risk of death or injury. “With 2.3 million vehicles in Australia requiring their potentially lethal Takata airbags to be replaced, it’s [...]

By | July 27th, 2017|CHOICE, Motor vehicles|0 Comments

Federal Government Silent on Debt Vulture Warnings

It has been eighteen months since the Australian Securities and Investments Commission (ASIC) warned the Federal Government that so-called "debt management" firms are engaging in misleading and predatory conduct. The Consumer Action Law Centre wrote to the Federal Government shortly afterwards, calling for better regulation in the sector, but have yet to receive a response. [...]

By | July 25th, 2017|ASIC, Everyday Consumer, Finance|0 Comments

International Standards for Climate Change Adaptation – Opinion Piece

The following is an opinion piece by John Henry, who represents CFA on Standards Australia committee EV-015 Greenhouse Gas Measurement and Accounting, the national mirror committee to ISO/TC 207/SC 7. The International Organisation for Standardisation (ISO) has Climate Change Adaptation on its radar thanks to the sub-committee on Greenhouse Gas Measurement and Related Activities (ISO/TC [...]

By | July 20th, 2017|Standards|0 Comments

CAV to Take Daiso to Court over Product Safety Breaches

Consumer Affairs Victoria (CAV) has begun civil proceedings against Origo & Co Pty Ltd (ACN: 140 019 656) - previously Daiso (Australia) Pty Ltd - in the Federal Court of Australia, for alleged contraventions of product safety provisions and other protections under the Australian Consumer Law. CAV will allege that between 2011 and 2016, the [...]

By | July 14th, 2017|Everyday Consumer, Product Safety, Standards|0 Comments

New Safety Standard for Ethanol Burners

A new safety standard for decorative alcohol-fuelled devices, also known as ethanol burners, will ensure consumers’ safety, Small Business Minister Michael McCormack says. “I'm worried about the harm these products can cause consumers, which is why I've made a safety standard which particularly targets table-top devices which pose the greatest risk,” Mr McCormack said. Mr [...]

By | July 14th, 2017|Everyday Consumer, Standards|0 Comments

Nanotechnology in Plain Language – An International Standard

CFA have participated in the development of an international standard designed for people who may not be researchers or manufacturers of products using nanotechnology, but who none-the-less need to be familiar with the terms and definitions used in the field. CFA representative Elaine Attwood attended the recent interim meeting of ISO TC 229 Nanotechnologies JWG1 held [...]

By | July 13th, 2017|Standards|0 Comments

ASIC Taskforce Signals Shift from Self-Regulation in Finance Industry

The Australian Securities and Investments Commission (ASIC) Enforcement Review Taskforce is conducting consultations on a number of proposed reforms to improve the enforcement powers of ASIC. The Taskforce  has just released a series of consultation papers. Recent media reports and Parliamentary inquiries have revealed the impact that poor financial services practices have on people's lives, leading to intense regulatory scrutiny and reduced consumer confidence. One of the key [...]

By | July 10th, 2017|ASIC, Finance|0 Comments

CHOICE Says Look Past The Lifetime Health Cover Hype

CHOICE says young Australians shouldn’t feel pressured into taking out health insurance just to avoid paying Lifetime Health Cover loading New CHOICE analysis has found taking out poor value health insurance, simply to avoid a future loading on premiums, may ultimately leave consumers worse off. “As the end of financial year approaches, health insurance and [...]

By | July 4th, 2017|CHOICE, Health|0 Comments

‘Independent’ Means Independent – ASIC Clarifies Financial Adviser Terms

'Independent', 'independently owned', 'non-aligned' - financial advisers use a variety of terms to promise a lack of conflict of interest. But what do these terms mean? And what is required before an adviser can lawfully use them? ASIC has clarified its position on the use of restricted terms relating to the independence of financial advisers after seeking [...]

By | July 3rd, 2017|ASIC, Finance|0 Comments

Consumer Action Launch Campaign for Retirement Housing Reform

Consumer Action Law Centre have launched a campaign urging reform in the Retirement Housing Industry following joint Four Corners/Fairfax Media investigations that brought to light the lengthy contracts, exploitation and crippling exit fees that dog the industry. Consumer Action say that while the revelations have shocked many, the issue is nothing new and the sector is crying out [...]

By | June 30th, 2017|Ageing, Campaigns|0 Comments