Regulator news

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

The ACCC, together with the state and territory consumer protection regulators, have released a new point-of-sale sign which will give consumers clear information about their rights to refunds and replacements. The sign was launched by the Parliamentary Secretary to the Treasurer, the Hon David Bradbury MP, at the Consumers 2011 Conference in Sydney on 7…

Read More Consumer rights: New national point of sale sign launched

The ACCC has moved quickly to use the new powers made available to it under the Australian Consumer Law (ACL) to secure over $3.6 million in penalties since the first wave reforms took effect just over 12 months ago. In his keynote address at the Consumers 2011 conference in Sydney on 7 June, ACCC Chairman…

Read More ACCC nets $3.6 million in penalties in first year of new consumer laws

Money Smart calculator image Money Smart calculator image

On Tuesday 15 March 2011 ASIC launched a new personal finance website called MoneySmart to help people make good financial decisions by providing free, independent and unbiased information, tools and motivation. MoneySmart.gov.au is a key part of the National Financial Literacy Strategy, also launched by ASIC on 15 March 2011.. MoneySmart.gov.au provides more than just…

Read More MoneySmart.gov.au – simple guidance you can trust

Thursday 28 October 2010 ASIC today suggested simple checks for people to take control of their super savings. Delia Rickard, ASIC’s Senior Executive Leader for Consumers, Advisers & Retail Investors said ‘You may have recently received your annual super statement. The key to making the most of super savings is to know the landscape and…

Read More ASIC’s three steps to decode super statements