financial counselling australia
After nearly 15 years in the role, Fiona Guthrie is stepping down as CEO of Financial Counselling Australia (FCA), the FCA board has announced.?
Fiona is leaving FCA to take up a new position as the CEO of Way Forward, a not-for-profit organisation that provides free assistance to people in financial hardship.
Read More FCA Announces Departure of CEO and New Appointments
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Consumer advocates call on insurers to act now at flood insurance inquiry
Urgent changes needed to improve claims handling process
A number of consumer advocacy groups – including CHOICE, Financial Rights Legal Centre, Consumer Action Law Centre, and Financial Counselling Australia – will be the first to appear today and tomorrow at a public hearing for the parliamentary inquiry into insurers’ responses to 2022 major floods claims.
Read More Consumer Advocates Call on Insurers to Act Now at Flood Insurance Inquiry
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55% of Australians incorrectly dispose of batteries. Australian B-cycle “Never bin your batteries” aims to help consumers understand the risks of throwing batteries away in regular bins. It emphasises the need to never put used batteries in general waste or recycling bins, to instead tape the terminals with clear sticky tape and take them to…
Read More Safe Battery Disposal
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Consumer Policy Research Centre CEO Erin Turner will be facilitating the ‘Is it liveable?’ webinar with Tenants Victoria CEO Jennifer Beveridge on Wednesday February 7th at 4:00pm-4:30pm AEDT (GMT+11) to discuss the recent joint research project and report on the safety, cleanliness and liveability of rental properties. The webinar will feature discussion and analysis of…
Read More “Is it liveable?” CPRC and Tenants Victoria Rental Property Webinar
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The Consumers Federation of Australia (CFA) and CHOICE have provided a submission to the newly newly established Competition Taskforce on merger approvals. Australia has many markets that are highly concentrated; supermarkets, airlines, banking, telecommunications, energy and insurance are all markets where a few dominant companies provide most Australians with essential products and services. Increasingly, we…
Read More CFA Supports Reforms to Merger Approvals
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The Albanese Government has announced its intent to have the Australian Consumer and Competition Commission (ACCC) conduct a year-long inquiry into supermarket prices as allegations of price gouging, a lack of competition in the sector and the cost of living crisis continue. According to a joint press release by the Prime Minister, Anthony Albanese MP,…
Read More Government Announces ACCC Inquiry into Supermarket Prices
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While AI has immense potential to improve wellbeing and grow our economy, Australians want stronger protections in place to help manage the risks, according to the recent Australian Government’s interim response to the consultation on Safe and Responsible AI in Australia conducted last year. The interim response includes feedback from stakeholders and how the government…
Read More Safe and Responsible AI in Australia
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Enforcement Technology, also known as EnfTech, is technology used in any enforcement capacity for investigation, preventative measures, surveillance, remedies and/or sanctions and there could be a vital role for EnfTech to play in consumer protection. With the advent of the global digital market as the new norm for most consumers the need for consumer protection…
Read More Enforcement Technology and Consumer Protection
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How stable is your furniture? Does your heavy, full wardrobe have appropriate anchors or tip-over failsafes? Currently, Australia only has a voluntary safety standard (AS/NZS 4935:2009) but in light of the recently published mandatory American standard (ASTM F2057–23 Standard Safety Specification for Clothing Storage Units) the Australian Competition and ConsumerCommission has decided to re-investigate the…
Read More Survey on Mandatory Furniture Safety Standards
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The Communications Alliance, the peak industry body for the Australian communications sector, has released a proposed framework and review package for the Telecommunications Consumer Protections (TCP) Code.
Read More New Telco Code Proposal Fails to Deliver
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“The volume of complaints escalated to AFCA has been increasing at an unsustainable rate,” David Locke, the Chief Ombudsman and Chief Executive Officer of the Australian Financial Complaints Authority (AFCA), said.
“Scam-related complaints to AFCA have nearly doubled between 2022 and 2023. They continue to be of great concern to us. We are also seeing the impact of increased interest rates and cost of living pressures, with complaints involving financial hardship also significantly higher,” Mr Locke said.
Read More Ombudsman Warns of “Unsustainable” Increase as AFCA sees a Record 100,000 Complaints
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ASIC has extended its product intervention orders made in relation to short term credit and continuing credit contracts so that the orders remain in force until they are revoked or they sunset on 1 October 2032.
Since the orders came into effect on 15 July 2022, they have reinforced consumer protections by preventing the provision of short term credit and continuing credit contracts that involve unreasonably high fees. These fees exceeded the cost caps imposed by the National Credit Code.
