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Research conducted by CHOICE in 2022 found many Australians aren’t aware of what insurance they have through their super. Only 54% of respondents knew how much they paid for insurance, and just 51% knew what situations their super insurance covered.
Read More Calls for Independent Inquiry into Super Insurance Gaps
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“We know that suicide is complex and often linked to many risk factors like personal debt, unemployment, family breakdown, social isolation, and mental health.
“Feeding the family and keeping a roof over our heads are two of the most basic human needs. While interest rates are a matter for the RBA Board, we must be prepared and proactive to prevent distress and suicide rates from continuing to rise,” said Ms Murray.
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ASIC alleges that for almost ten years, AustralianSuper failed to have adequate policies and procedures to identify members who held multiple AustralianSuper accounts and to merge those accounts, where merger was in the member’s best interests.
Read More AustralianSuper Sued Over Multiple Superannuation Accounts
Original job advertisement from Johnson Partners LinkedIn post (here) on behalf of AFCA. AFCA Non-Executive Director · Independent for-purpose organisation · Serve Australia in support of a fair robust financial services sector · Consumer Affairs experience The purpose of the independent ombudsman, the Australian Financial Complaints Authority (AFCA) is to provide fair, independent and effective solutions for financial…
Read More AFCA Non-Executive Director Position Open for Applications
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QCA spokesperson, Ian Jarratt says manufacturers use shrinkflation to make “sneaky” price increases and improve or maintain their margins because most shoppers are more aware of, and sensitive to, higher selling prices than reductions in the amount in packages.
Read More Call for Supermarkets to Help Shoppers Spot Package “shrinkflation”
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“This legislation is terrific,” Ms Levin said. “We’re delighted that it covers not only credit cards, but also digital wallets and digital currencies.”
Ms Levin said the one area of disappointment was a carve-out for online lotteries.
“The test for whether a contract term is unfair has not changed. However, businesses now could potentially face substantial penalties for contravening the law. This will better protect consumers and small businesses who have limited bargaining power, expertise, and ability to negotiate or assess standard form contracts,”
Read More ACCC Urges Businesses to Remove Unfair Contract Term
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The ACCC has issued a draft determination proposing to deny authorisation for Qantas Airways Ltd and China Eastern Airlines Corporation Limited and their related entities (including Jetstar) to continue coordinating operations between Australia and mainland China.
Read More Proposed Denial of Qantas and China Eastern Airline Coordination
The Department of Industry, Science and Resources has opened consultation to the the drafts for the National Science and Research Priorities and National Science Statement in a revitalisation project to shape the long-term vision of science in Australia. The consultation period will end September 29th 2023.
Read More Consultation: Australia’s Draft National Science and Research Priorities
Ian Jarratt of the Queensland Consumers Association in a supermarket with unit price labels in the background
The latest edition of the Queensland Consumers Association’s (QCA) newsletter Unit Pricing Global Update (found here) contains information about unit pricing in several countries including in: QCA spokesperson, Ian Jarratt says that in Canada the Competition Bureau and the parliamentary committee’s recommendations on grocery unit pricing are important not only for consumers in Canada (where…
Read More Global Update on Unit Pricing
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The Federal Government is calling for feedback on its ‘Aviation Green Paper – towards 2050’, found here.
The Green Paper is the next step in the development of the Aviation White Paper which will set the policy direction for the aviation sector out to 2050 and is likely to be released in mid-2024.
Read More Aviation Green Paper Open for Consultation
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Today’s super performance test results have revealed 96 underperforming choice products in
the market.
