money, bills, calculator-256312.jpg
The ACCC is urging consumers to shop around or at least to contact their electricity provider to ask if a cheaper electricity plan is available, following a decline in retail electricity prices in 2024 that many households are not currently benefiting from. More than 80 per cent of Australian households in the National Electricity Network…
Read More Electricity Inquiry finds no reward for loyalty
SALE
-50%
The ACCC has conducted a sweep of sales advertising by Australian businesses online and in store and is concerned that a number of claims about the size and scope of discounts may be misleading consumers. This follows consumer reports about a range of concerns during the recent Black Friday sales period about the veracity of…
Read More ACCC Black Friday Sweep Finds Concerning Number of Misleading Claims
Consulting
The ACCC has welcomed today’s start of consultation by the Australian Government on the implementation of a new digital competition regime in Australia. The consultation comes after the Government’s in-principle agreement to competition reforms recommended by the ACCC to address harms caused by digital platforms. “This is an important opportunity for consumers, businesses and other interested parties…
Read More Consultation Opens for New Digital Competition Reform in Australia
Post thumbnail
The ACCC has granted interim authorisation to Virgin Australia and Qatar Airways, allowing them to engage in cooperative conduct under an integrated alliance. The ACCC has also accepted a court enforceable undertaking from Virgin Australia and Qatar Airways in relation to the conduct. Under the interim authorisation, Virgin Australia and Qatar Airways can commence marketing and selling…
Read More Interim Authorisation for Flights and Marketing for Doha to Australia Granted by ACCC
Magnifying glass focusing on 'Terms and Conditions' in a document. Ideal for business and legal themes.
The ACCC is putting businesses on notice that it is focusing in on problematic advertising practices which target participants in the National Disability Insurance Scheme (NDIS). The ACCC has been working with the National Disability Insurance Agency (NDIA) and NDIS Quality and Safeguards Commission to identify advertising which may be in breach of the Australian…
Read More ACCC Warns NDIS Providers Against Misleading Advertising
Post thumbnail
Domestic airline passengers face less choice and higher airfares following Rex’s recent exit from services between metropolitan cities, the ACCC’s latest Domestic Airline Competition report has found. Since Rex suspended operations on its services between metropolitan cities on 31 July 2024, the average airfare on all Major City routes has increased by 13.3 per cent to September…
Read More Less Competition and Higher Prices as Rex Suspends Operations
laptop, conference table, mouse-7978588.jpg
The ACCC will conduct a series of public hearings from 7 to 22 November as part of its ongoing Supermarkets Inquiry. The public hearings will be livestreamed via the ACCC website and will be an opportunity for the ACCC to gain a more complete understanding of the key issues in the retail grocery sector and its…
Read More Public Hearings for Supermarket Inquiry to be Livestreamed
law, attorney, lawyers-39989.jpg
The ACCC is seeking views on a proposed court-enforceable undertaking offered by Sigma Healthcare Limited (ASX: SIG) in relation to its proposed acquisition of Chemist Warehouse Group Holdings. Sigma is one of the largest wholesalers of prescription medicines, over the counter and front of store products. Sigma is also a franchisor of pharmacies under banners…
Read More ACCC seeks Consultation on Potential Competition Concerns with Sigma/Chemist Warehouse Acquisition
Post thumbnail
The ACCC welcomed today’s announcement by the Treasurer of $30 million over 3.5 years in additional funding for investigations and enforcement relating to the supermarket and retail sector. ACCC Chair Cass-Gottlieb said the additional resources would allow for a significant enhancement of the ACCC’s enforcement and compliance activities in an essential sector relied upon by…
Read More Additional Funding for Investigation and Enforcement of Retail and Supermarket Sectors Welcomed
Post thumbnail
The Digital Platform Regulators Forum (DP-REG) has published a working paper on multimodal foundation models (MFMs) used in generative artificial intelligence (AI). The latest working paper “Examination of technology – Multimodal Foundation Models” examines MFMs – a type of generative AI that can process and output multiple data types, such as image, audio or video…
Read More Regulators Release Working Paper on an AI Generative Model
Post thumbnail
The majority of Australia’s consumer regulators are missing the opportunity to act as an early warning system for dodgy businesses, according to new research from the Consumer Policy Research Centre (CPRC). The Am I The Only One? report, released today, finds that most Australian consumer regulators do not publish regular complaints data in an accessible…
Read More Calls Continue for Consumer Regulators to Release Data
pexels-photo-7735637-7735637.jpg
The Australian Government’s cyclone reinsurance pool has begun delivering lower premiums for some consumers in some regions facing higher risk of cyclones, the ACCC’s third insurance monitoring report has found. However, the savings generated by the reinsurance pool have been offset to varying extents by other cost increases affecting insurance markets. These costs include the broader hardening…
Read More Savings from Cyclone Reinsurance Pool Present, Offset by Cost Increases
