Articles Archives - Page 93 of 180 - Consumers' Federation of Australia

13 July , 2017

Nanotechnology in Plain Language – An International Standard

CFA have participated in the development of an international standard designed for people who may not be researchers or manufacturers of products using nanotechnology, but who none-the-less need to be familiar with the terms and definitions used in the field. CFA representative Elaine Attwood attended the recent interim meeting of ISO TC 229 Nanotechnologies JWG1 held…

10 July , 2017

ASIC Taskforce Signals Shift from Self-Regulation in Finance Industry

The Australian Securities and Investments Commission (ASIC) Enforcement Review Taskforce is conducting consultations on a number of proposed reforms to improve the enforcement powers of ASIC. The Taskforce has just released a series of consultation papers. Recent media reports and Parliamentary inquiries have revealed the impact that poor financial services practices have on people’s lives, leading to intense regulatory scrutiny and reduced consumer confidence. One of the key…

4 July , 2017

CHOICE Says Look Past The Lifetime Health Cover Hype

CHOICE says young Australians shouldn’t feel pressured into taking out health insurance just to avoid paying Lifetime Health Cover loading New CHOICE analysis has found taking out poor value health insurance, simply to avoid a future loading on premiums, may ultimately leave consumers worse off. “As the end of financial year approaches, health insurance and…

3 July , 2017

‘Independent’ Means Independent – ASIC Clarifies Financial Adviser Terms

‘Independent’, ‘independently owned’, ‘non-aligned’ – financial advisers use a variety of terms to promise a lack of conflict of interest. But what do these terms mean? And what is required before an adviser can lawfully use them? ASIC has clarified its position on the use of restricted terms relating to the independence of financial advisers after seeking…

30 June , 2017

Consumer Action Launch Campaign for Retirement Housing Reform

Consumer Action Law Centre have launched a campaign urging reform in the Retirement Housing Industry following joint Four Corners/Fairfax Media investigations that brought to light the lengthy contracts, exploitation and crippling exit fees that dog the industry. Consumer Action say that while the revelations have shocked many, the issue is nothing new and the sector is crying out…

23 June , 2017

Tips for Winter Product Safety

Winter is here and Consumers’ Federation of Australia representatives have contributed to standards that ensure the safety of products we use in winter. The standards are developed via the Standards Australia Technical Committee process. ACCC Top tips for winter product safety are: Never use boiling water to fill your hot water bottle and replace it…

5 June , 2017

Product Measurement Labelling Laws Under Review

The laws that regulate the way in which measurement is marked on product packaging are under review. The Commonwealth Department of Industry, Innovation and Science is conducting the review as the authority responsible for trade measurement regulation. The National Trade Measurement Regulations 2009 Part 4 describe how the name and address of the manufacturer, as well as the weight of the…

31 May , 2017

Meet the First International Standard for Sustainable Procurement

The International Organization for Standardization (IOS) has published a new standard for Sustainable Procurement – ISO 20400 Sustainable procurement. The standard applies to the purchasing decisions made by organisations when they choose suppliers. It ensures that a company’s suppliers behave ethically, that the products and services purchased are sustainable and capable of meeting organisation and…

15 May , 2017

Simpler Standard for Baby Dummies and Dummy Chains

BABIES’ dummies and dummy chains will be subject to a single product safety standard following a review by the consumer watchdog, Small Business Minister Michael McCormack says. “Dummies and dummy chains are an essential part of the baby bag for any new parent or those with toddlers. Parents deserve the certainty to know the products…

5 May , 2017

Blockchain and the Future for Consumers

Consumers have embraced the opportunities of e-commerce and now a new model is being heralded as the 4th information revolution. Consumers Federation of Australia has appointed a representative to the technical committee developing the new blockchain standard. Blockchain is a ground breaking technology for peer to peer transition platforms that uses decentralised storage to record…

4 May , 2017

Insurance Industry Must Act to Stamp Out Poor Investigation Practices

Financial Rights has today called on the general insurance industry to introduce a set of best practice standards for insurance investigations in its Code of Practice. This follows the release of the report titled Investigation of Claims and Outsourced Services by the insurance industry’s independent monitor – the General Insurance Code Governance Committee (CGC). The…

2 May , 2017

Consumer Representatives and National Volunteer Week

National Volunteer Week is the largest celebration of volunteers and volunteerism in Australia, and provides an opportunity to highlight the role of volunteers in our community. Consumers’ Federation of Australia thanks the volunteer representatives on the CFA Standards Project for their time and expertise in the development of Australian Standards which makes the world a…