The Full Court has upheld ASIC’s appeal in its case against ACBF Funeral Plans Pty Ltd (ACBF) and Youpla Group Pty Ltd (Youpla), finding that funeral expenses insurance provider ACBF misrepresented to Aboriginal consumers that it was Aboriginal owned or managed when that was not the case.
Read More Full Court Finding Supports First Nations’ and ASIC Allegations of ACBF/Youpla Misrepresentation
[T]he Court found that, on the evidence, it is ‘abundantly clear … that the Aboriginal Ownership/Management Representation is false.’
“We will be using our legal powers to compulsorily obtain data and documents from the supermarkets themselves, but consultation with consumers and grocery sector participants is an important first step in our inquiry.”
Read More ACCC Supermarkets Inquiry Opens Survey and Consultation
Original media release from the Attorney-General’s media centre (27/02/2024). The Australian Government has commenced an independent review of Australia’s Credit Reporting Framework. Australia’s credit reporting system plays an important role in assessing eligibility and suitability for credit and in reducing the risk of financial harm to consumers, as well as protecting the privacy of individuals…
Read More Independent Review of Australia’s Credit Reporting Framework Commences
Original media release from CSLR (27/02/2024). The Compensation Scheme of Last Resort (CSLR) acknowledges the announcement yesterday from the Australian Government, appointing our independent Chair and the official scheme commencement date. CSLR welcomes Jo-Anne Bloch as our inaugural Chair, marking the completion of the CSLR Board. Ms Bloch was independently appointed by the Minister, in accordance with…
Read More Chair Announced for the Compensation Scheme of Last Resort
When was the last time you were certain that your data wasn’t being collected, shared, tracked or used in unfair business practices? A recently released joint research report from the Consumer Policy Research Centre (CPRC) and the University of New South Wales (UNSW) ‘Singled Out: Consumer understanding – and misunderstanding – of data broking, data…
Read More No Say, No Knowledge, No Control: Personal Data in Australia
Australians love caravanning and camping. We see it as a great way to experience Australia’s open spaces and natural beauty. Caravanning and camping has recovered well since the COVID-related lockdowns ended and trips were at 12.7 million by the year ending June 2022, according to Tourism Research Australia caravan and camping data. Standards Australia has…
Read More Caravanning and Camping
The Federal Department of Health and Aged Care has engaged a project team led by the University of Wollongong to deliver a feasibility study on options to limit unhealthy food marketing to children. Recommendations will be provided to Government for consideration by mid-2024.
Information about the project and the consultation paper are available here and the closing date for comments is 15 March.
Read More Federal Government Opens Consultation on Feasibility Study for Limiting Unhealthy Food Marketing to Children
“No one should come off BetStop and be able to gamble without a sensible deposit limit in place. Right now, a person can revoke the self-exclusion and the following day they can bet $100,000 which is clearly absurd,” Ms Levin said.
The new BetStop data shows that 1400 people have revoked their self-exclusion, and this group are most at risk.
Read More BetStop a Good Start but Expansion is Needed
ASIC’s review found that often there was insufficient emphasis on and a lack of transparency about Choice investment options that failed to meet performance expectations. There was little evidence of trustees communicating to members about investment option performance in a targeted manner, and financial advisers were not always addressing underperformance where relevant.
‘Members should be informed about their super investments – not left in the dark if their super investments are not performing as expected, and there may be better alternatives,’ Ms Constant said.
Read More ASIC Calls on Industry to Address Issues and Improve Oversight on Choice Super Performance
“As with our previous ex post reviews, we found that some of the predictions and assumptions made by the ACCC in the original review did not unfold as anticipated,” Ms Cass-Gottlieb said.
“In particular, this report re-enforced the risks raised when clearance decisions rely on new entry and expansion, and also the inherent complexities associated with negotiating and implementing some undertakings.”
Read More ACCC Review Shows Mixed Merger Outcomes
Stakeholder views are now being sought by the Federal Department of Health and Aged Care on an Impact Analysis. Information about the consultation and access to the online survey is available here.
The closing date for responses is Thursday April 4th.
Read More Consultation on Review of FSANZ Food Standards Act
Funded in the 2023 Budget, the Government’s Registry works by creating a controlled list of numbers of registered brand names, and preventing text messages from being sent using registered brand names unless the originating number matches the approved phone number on the Registry.
Read More Stopping SMS Scammers Posing as Legitimate Institutions
Feedback from consumers, industry, charities and government services will inform Government decision-making about next steps, including funding models for the finalised scheme.