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Childcare Infographic

Original media release from the ACCC, published 5/07/2023. The Australian Competition and Consumer Commission (ACCC) has examined the price and availability of childcare services, how households select childcare services and the impact of Government contributions in its interim report, published today. It draws on information collected from a range of childcare providers around Australia as well…

Read More Pricing Practices and Operating Costs of Childcare Services to be examined, as Latest ACCC Report Confirms Fees Outpace Inflation

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The Better Banking for Indigenous Consumers Project reviewed target market determinations (TMDs) for both high-fee and low-fee ‘basic’ accounts offered by some of Australia’s major and regional banks. ASIC issued notices to those banks requiring data on fees charged to consumers in locations with higher-than-average proportions of Indigenous people and for customers in receipt of AbStudy payments.

The review found that many Indigenous consumers identified in the data were in high fee accounts paying high fees, despite being eligible for a low-fee ‘basic’ account.

Read More ASIC Acts to Ensure Better Banking Outcomes for Indigenous Consumers

John Trowbridge, a consultant and insurance industry expert who has been conducting an independent review into strata insurance, has released a handbook for navigating strata insurance, available for free here. The Disclosure Handbook is designed as a reference guide for owners, strata committees, strata managers and brokers. It has been prepared on completion of an…

Read More Free Strata Insurance Handbook Released

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The Telecommunications Industry Ombudsman (TIO) has released the report ‘A time for change – Three years of systemic investigations in review’, calling for improved consumer protections through stronger regulation in the telco sector, and the establishment of a registration scheme for telcos.

Read More “Current rules no longer fit for purpose”: TIO Calls for New Rules to Better Protect Consumers

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The Federal Parliament has passed the Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) Bill 2023 to establish an industry-funded compensation scheme of last resort for victims of financial misconduct. Quotes attributable to Alan Kirkland, Chief Executive Officer of CHOICE: “The introduction of a compensation scheme of last resort is an historic moment…

Read More “Historic moment for consumer financial protection”: CHOICE on the passage of compensation scheme of last resort