Consumer protection Archives - Page 17 of 38 - Consumers' Federation of Australia

23 August , 2023

New Gas Market Code Takes Effect

The ACCC has today published compliance and enforcement guidelines on the new Gas Market Code.

The Code commenced on 11 July this year with a two-month transition period for the gas industry to prepare for some of the new obligations that the Code establishes. The ACCC will begin enforcing the Code from mid-September 2023.

18 August , 2023

ASIC Consultation on Extending Product Intervention Orders on Short Term Credit Facilities and Continuing Credit Contracts

The current product intervention orders came into effect on Friday 15 July 2022. They reinforce consumer protections by prohibiting the provision of short term credit and continuing credit contracts, which involve unreasonably high fees charged to retail clients. These fees exceed the cost caps imposed by the National Credit Code.

If not extended, the short term credit and continuing credit contracts product intervention orders will expire on 15 January 2024.

18 August , 2023

ASIC sues ‘Debt Vulture’ Solve My Debt Now, and Director

Proceedings have commenced against operator of Solve My Debt Now, Bakken Holdings Pty Ltd (Bakken). The case is brought to the Federal Court by the Australian Securities and Investments Commission (ASIC) over concerns of substantial consumer harm in a move that has been welcomed by consumer advocates.

11 August , 2023

Older People Must be Consulted on New Aged Care Act and New Principles for Aged Care Funding

Older Australians will be asked to share their knowledge, insights and perspectives on our aged care system over the coming weeks as part of a consultation process looking at strengthening and improving the laws governing aged care.
The consultations follow the release of the Australian Government’s Consultation Paper on the new Aged Care Act – a key recommendation of the Royal Commission into Aged Care Quality and Safety – as well as the release of principles guiding aged care funding.

9 August , 2023

Data Breaches Seen as Number One Privacy Concern

There has been a sharp increase in the number of Australians who feel data breaches are the biggest privacy risk they face today, according to a major survey released today by the Office of the Australian Information Commissioner (OAIC).

7 August , 2023

ANZ’s Proposed Suncorp Acquisition Denied by ACCC

The Australian Competition and Consumer Commission (ACCC) has decided not to grant merger authorisation for ANZ Banking Group (ASX:ANZ) to acquire Suncorp Group’s (ASX:SUN) banking arm.
“We are not satisfied that the acquisition is not likely to substantially lessen competition in the supply of home loans nationally, small to medium enterprise banking in Queensland, and agribusiness banking in Queensland,” ACCC Deputy Chair Mick Keogh said.

4 August , 2023

Win for Consumers: Anti-Avoidance Provision Bill Commended to the House

After many years of campaigning against the damaging practices of Buy Now Pay Later (BNPL) schemes, the Assistant Treasurer and Minister for Competition, Charities, and Treasury Hon. Andrew Leigh MP has commended the Treasury Laws Amendment (2023 Measures No. 3) Bill 2023, partly designed to close loopholes utilised by BNPLs, to the House of Representatives.

3 August , 2023

Free Access to Australian Standards for Consumers

Nearly everything we touch has a Standard connected to it, in our everyday lives and in every Australian industry, and they make everything work. As a consumer, access to standards can help you become more informed about what to expect from product and service providers. Standards Australia has launched a new program for improving access to Australian Standards.

3 August , 2023

Consumers International Digital Update: Cyber Trust Mark and Personalised Pricing

This month Consumers International’s (CI) update on the digital world covered some interesting developments and research in the consumer world including CHOICE’s recent article on facial recognition technology (FRT) used in half of Australia’s stadiums (found here), and the recent Members Connect series on building consumer trust in generative AI, whose panel included ETDA Thailand and the BEUC.

But perhaps the most exciting updates were the ones from the United States of America and the European Union.

1 August , 2023

Meta Companies Penalised $20m for Onavo Protect VPN’s Misleading Claims

Virtual Private Networks or VPNs are a method by which people can more securely use and access public internet connections, reduce some communication costs, and bypass internet censorship. The privacy and protection of personal information is an important selling point of VPNs and one that was used to sell Onavo Protect in the Google and…

28 July , 2023

Record Number of Financial Complaints for Second Year in a Row

“We are deeply concerned by the volume of complaints consumers are having to escalate to AFCA,” chief ombudsman David Locke says. “It’s not fair on consumers and not good for business. We need to see a significant improvement from firms.”

21 July , 2023

CFA Accepts Uluru Statement from the Heart

Consumers’ Federation of Australia accepts the invitation of the Uluru Statement from the Heart to walk with our First Nations’ peoples to ensure a better future for all Australians. We see the Statement as being a generous invitation arrived at through the extensive Dialogues process, allowing us to unite a genuine process of reconciliation.