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“Digital platforms have vast resources and technical capabilities to detect and prevent scams, but without mandatory rules backed by strong civil penalties, companies will continue to have little incentive to protect people.”
Read More Scam Ads ‘Rife’ on Digital Platforms as Social Media Platforms Fail to Act
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Three months after the ABC ran a story about virtual kidnapping scams targeting Chinese international students in Sydney, the National Anti-Scam Centre (NASC) has warned that the scam, which aims to threaten, intimidate, and steal from Chinese students living in Australia (regardless of socio-economic status), has more than doubled in number since August 2023.
Read More NASC Warns of Increasing Virtual Kidnapping Scams
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“With electricity prices increasing, and many Australians looking for a better deal, it’s crucial that the information people receive from their energy company is correct and can be relied upon,” ACCC Chair Gina Cass-Gottlieb said.
Read More EnergyAustralia in Court over Alleged Misleading Information
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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