News

The Customer Owned Banking Association (COBA) has introduced a new industry Code of Practice that comes into effect today, with changes increasing protections for customers experiencing vulnerability including elder abuse, domestic violence and disability. The 2022 Customer Owned Banking Code of Practice replaces the 2018 version and was developed through an independent review by Phil…

Read More Vulnerable consumers supported by new Code of Practice for customer-owned banks

Front: Amy Pereira (2022 mentee), Dana Beiglari (2022 mentee), Rebekah Sarkoezy (2021 mentee). Back: Roberta Grealish (2021 mentee), Franco Morelli (2022 mentee), Sarah Black (2022 mentee), Deb Shroot (2022 mentee), Elissa Freeman (Mentoring Program coordinator). Pictured at the 2022 Mentoring Program networking event in Sydney.

Expressions of interest for the 2023 CFA Consumer Advocacy Mentoring Program are now open, due by 1st November 2022. Please share this item with emerging leaders in your organisation who may be interested in applying for the 2023 program.  “Can’t thank you enough for running this excellent program. Becoming part of the wider consumer advocate network,…

Read More Apply to join CFA’s 2023 Mentoring Program

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A recent ASIC surveillance found that some fund managers must do more to ensure the investment performance representations in their fund’s marketing materials are appropriate.    This is a media release from the Australian Securities & Investments Commission (ASIC). It was originally published on 8th September, 2022. Thirteen responsible entities or trustees of investment funds have voluntarily…

Read More Managed funds amend their marketing following ASIC surveillance

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The Insurance in a Changing Climate forum was held in Melbourne on 26 July 2022, with over 70 people attending from a range of sectors including financial counselling, consumer law, academia, government and industry. The event was hosted by Financial Counselling Victoria, the Brotherhood of St Laurence and the Melbourne Institute. Through three panel discussions, the forum…

Read More Insurance in a Changing Climate – Event summary

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Ian Jarratt, CFA Executive member and Queensland Consumers Association (QCA) member, was recently interviewed by the Food and Agriculture Organization of the United Nations about the importance of food transparency, unit pricing, and the role that consumer associations need to play in the transformation of agri-food systems. In this interview, he talks about his experiences from…

Read More Food and Agruculture Organization interview CFA Executive Ian Jarratt

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Cigno is exactly the sort of business the Australian Securities and Investments Commission had in mind when it asked for stronger powers to ban the sale of harmful financial products. This is a news item from The Conversation. It was originally published on 5th August, 2022. If you are experiencing financial hardship contact the National Debt Helpline on 1800…

Read More How ‘bad credit’ lender Cigno has dodged ASIC’s grasp

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A tenancy advocate and financial counsellor, a domestic violence support group, a child safety program and media stories about funeral insurance were the winners of the 2022 Consumer Protection Awards. This is a media release from The Government of Western Australia: Department of Mines, Industry Regulation and Safety. It was originally published on 2nd August, 2022. The winners…

Read More Family violence, child safety, funeral insurance in awards spotlight

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From 1 July 2022, funeral directors and businesses must comply with the Fair Trading (Funeral Pricing) Regulation 2022 which requires them to display an itemised price list on business websites and in-store. Businesses also need to display the price of your least expensive package for consumers wanting a simple funeral. The regulation aims to introduce greater price…

Read More New funeral pricing transparency laws for Queensland

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The Australian Financial Complaints Authority (AFCA) has announced the appointment of Natalie Cameron as its new Lead Ombudsman for Banking and Finance. This is a media release from the Australian Financial Complaints Authority (AFCA). It was originally published on 6th July, 2022. Natalie was appointed after an extensive executive recruitment process and moves into the position from her…

Read More Natalie Cameron named Lead Ombudsman, Banking and Finance

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Businesses which supply button batteries or products powered by them must now comply with mandatory button battery safety and information standards taking effect from today or face serious penalties, the ACCC warns. This is a media release from the Australian Competition & Consumer Commission. It was originally published on 22nd June, 2022.  “These world-first standards are a critical…

Read More Businesses on notice as mandatory button battery laws commence

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The board of the Australian Communications Consumer Action Network (ACCAN) today announced that Andrew Williams has been appointed as Chief Executive Officer for the organisation. “Following an executive search process, the board has determined that Acting CEO Andrew Williams is the best person to lead ACCAN forward as CEO,” said ACCAN Chair Deirdre O’Donnell. This…

Read More ACCAN Board announces Andrew Williams as CEO

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The Federal Government has released its evaluation of Country of Origin Labelling for Food reforms. The evaluation began 2 years after the reforms came into full effect in 2018 and took 12 months. The evaluation: found that the Country of Origin Labelling for Food reforms were well implemented, effective and met its objectives, and recommended…

Read More Country of Origin Labelling for Food evaluation released