Regulator news and government inquiries

ASIC has successfully completed the major initial licensing of consumer credit businesses as part of the transition to the new national consumer credit laws. ASIC Commissioner, Peter Boxall, said only licensed people or businesses can carry on consumer credit activities now. ‘If you are getting credit or getting advice or assistance on credit make sure…

Read More ASIC refuses four applications for credit licenses and puts conditions on others

On 1 July ASIC announced that it had commenced criminal proceedings against officers of the Wespoint companies for breaches of the corporations act. In a separate matter Rundle was found guilty by a Sydney jury of making misleading statements to a financial institution in support of a $71 million credit facility to fund a Westpoint…

Read More Westpoint and other recent ASIC enforcement actions

The Commonwealth Department of Health and Ageing, in consultation with a working group of representatives from Commonwealth, state and territory health departments, has prepared an issues paper on the proposed establishment and implementation of a Personally Controlled Electronic Health Record (PCEHR) system.  The PCEHR is intended to be a secure, electronic record of an individual’s medical history, stored and…

Read More Call for comments on electronic health records system

The Standing Committee on Social Policy and Legal Affairs is holding an inquiry into the insurance industry with specific reference to extreme weather and disaster events. Submissions will be accepted until Friday 12 August 2011, with the exception of submissions from Western Australia, which are requested by Friday 22 July 2011, as the Committee will…

Read More Operation of the insurance industry during disaster events – Commonwealth inquiry

The Select Committee on Australia’s Food Processing Sector is inquiring into the competitiveness and future viability of Australia’s food processing sector. As part of its inquiry, the committee will consider the implications for the sector of Australia’s regulatory environment, competition regime and anti-dumping rules, international anti-free trade measures, and production inputs. The committee is inviting…

Read More Senate Inquiry into Australia’s Food Processing Sector

CFA welcomes recent action by the ACCC to respond to misleading advertising in the communications sector. In July the Federal Court  ordered Optus to pay $5.26 million in civil pecuniary penalties for breaches of the Trade Practices Act through the advertising of  various broadband internet plans. In recent months, the ACCC has successfully taken enforcement…

Read More Optus latest telco to be stung for misleading advertising

Allphones penalised $45,000 for contempt of court The Federal Court has penalised Allphones Retail Pty Ltd $45,000 for contempt of orders following action by the Australian Competition and Consumer Commission. For more information see the ACCC website. Optus penalised $5.26 million for misleading broadband advertising The Federal Court has ordered Optus to pay $5.26 million…

Read More ACCC Enforcement Announcements, July 2011

Ross Gittins photo Ross Gittins photo

Ross Gittens delivers the 2011 Ruby Hutchison Memorial Address The ACCC, in conjunction with CHOICE, presented the Ruby Hutchison Memorial Lecture delivered by Mr Ross Gittins AM, Economics Editor, Sydney Morning Herald on 6 June 2011. Traditionally held on the eve of the annual national consumer conference, the Ruby Hutchison address is held in honour…

Read More Consumer sovereignty in an age of republicanism

ACCC issues guidance on fibre and cable broadband ‘speed’ claims The Australian Competition and Consumer Commission published an Information Paper in July to assist providers of hybrid fibre-coaxial (HFC) and fibre to the premises (FTTP) broadband internet services in complying with the Competition and Consumer Act 2010. For more information see the ACCC website. Scammers…

Read More ACCC Telecommunications Announcements, July 2011

ACCC concerned baby bling still on sale The Australian Competition and Consumer Commission is concerned that baby bling is still available for purchase online despite a national ban introduced by the Parliamentary Secretary to the Treasurer, David Bradbury, on Friday, 15th July. For more information, go to the ACCC website. National product safety ban for…

Read More ACCC Product Safety Announcements, July 2011

ACMA has released its discussion paper in response to  submissions received in February 2011 about the effectiveness of the Telecommunications (Do not Call Register) Telemarketing and Research Calls Standard 2007. ACMA is now accepting further submissions in considering revisions to the standard. ACMA’s role is to balance community and industry expectations in relation to the…

Read More Submission due on Industry Standard (2007) on Telemarketing and Research Calls