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Financial Counselling Australia welcomes the sanctioning of Westpac for breaching the Banking Code of Practice when it closed its branch in Tennant Creek. The branch was suddenly shut in September 2022 leaving some customers with no access to money. “It was a complete mess and done with no consultation. Some people were unable to buy…

Read More Advocates Welcome Sanctioning of Westpac for Branch Closure

A study of local economic abuse in First Nations communities with special focus on Australia and Canada June 2024 Jerry Buckland Canadian Mennonite University Winnipeg, Manitoba Carmen Daniels Indigenous Consumer Assistance Network Cairns, Queensland ICAN

Today, ICAN releases its literature review: A study of local economic abuse in First Nations communities with a special focus on Australia and Canada. The study was undertaken by Professor Jerry Buckland from the Canadian Mennonite University (CMU) and Carmen Daniels, Research Manager at ICAN. ICAN’s purpose in undertaking the research, was to review the literature…

Read More ICAN Releases Literature Review on Economic Abuse in First Nations Communities

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The ACCC has released its final report outlining the findings of its inquiry into whether the domestic mobile terminating access service should continue to be regulated. Access to telecommunications services in Australia is usually unregulated unless the services are declared. In deciding whether to declare a service, the ACCC must be satisfied that declaration will…

Read More ACCC Releases Final Report on Regulation of Mobile Terminating Access Service

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Consumer group CHOICE has today released its first quarterly, government-funded report on supermarket prices across Australia. 

As part of the research, CHOICE sent mystery shoppers to 81 regional and metropolitan supermarkets across the country, including Aldi, Woolworths, and Coles, to record prices for 14 common grocery items. 

Read the full story here: www.choice.com.au/cheapestgroceries

Read More CHOICE Supermarket Basket Survey Reveals Clear Winner

Consumer Protection

The Parliamentary Joint Committee on Corporations and Financial Services is conducting an inquiry into the wholesale investor test for offers of securities and the wholesale client test for financial products and services in the Corporations Act 2001. This is a very important inquiry for consumers because: The inquiry’s Terms of Reference, submissions, etc. are available here.…

Read More Consultation on Inquiry into the Wholesale Investor and Client Tests in the Corporations Act

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Consumers’ Federation of Australia (CFA) and CHOICE has made a submission to the Productivity Commission about future National Competition Policy reforms. The submission stresses the need to analyse potential policy reforms with a focus on their effects on consumers and households, urging the Commission to prioritise understanding how different groups might be affected. The submission’s…

Read More Productivity Commission National Competition Policy Reforms Submission

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The groups emphasise the critical role of the Commissioner’s office in addressing the unique challengesof the strata sector, which currently houses 35% of NSW residents, with projections of 50% by 2040. “Despite the visionary establishment of the Strata and Property Services Commissioner’s Office, and thecommendable efforts of John Minns since his appointment, the office is…

Read More Consumer Groups Call for Increased Resourcing of NSW Strata & Property Services Commissioner as Strata Populations Increase

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The 2023 Life Insurance Code of Practice (the Life Insurance Code) introduced a requirement for insurers to have family violence policies available online for their customers. For many life insurers this will be the first publicly available written policy indicating how they will support customers experiencing family violence. Family violence – in the form of…

Read More Financial Rights Publishes Report on Best Practice in Life Insurer Family Violence Policies

FIRST NATIONS FOUNDATION

The 2024 First Nations Super Summit has set five crucial priorities for the Indigenous Superannuation Working Group to address over the next 12 months, aiming to elevate super standards for First Nations people. These priorities include the standardisation of forms and the empowerment of financial counsellors to act on behalf of their Indigenous clients, as…

Read More Five Priorities Highlighted by First Nations Super Summit Report

Ian Jarratt of the Queensland Consumers Association in a supermarket with unit price labels in the background

The Queensland Consumers Association (QCA) is calling for the inquiries into supermarkets now being undertaken by a Senate Select Committee, the Australian Competition and Consumer Commission (ACCC) and a Queensland Parliament Select Committee to recommend improvements to the clarity of supermarket pricing. In submissions to each inquiry, the QCA says improvements are essential in order…

Read More Advocates Call For Supermarket Inquiries to Recommend Clearer Pricing