Regulator news and government inquiries Archives - Consumers' Federation of Australia

8 October , 2024

Advocates Warn that Telco Complaint Reduction a Sign of Consumers Giving Up on Process

A report from the Telecommunication Industry Ombudsman (TIO) of a 14.6% reduction in consumer complaints over the past year is unlikely to be an indication of improved satisfaction with communications services. The reduction in complaints is more likely to indicate that telco consumers are increasingly giving up on the complaints process. Over 50% of consumers…

1 October , 2024

Additional Funding for Investigation and Enforcement of Retail and Supermarket Sectors Welcomed

The ACCC welcomed today’s announcement by the Treasurer of $30 million over 3.5 years in additional funding for investigations and enforcement relating to the supermarket and retail sector. ACCC Chair Cass-Gottlieb said the additional resources would allow for a significant enhancement of the ACCC’s enforcement and compliance activities in an essential sector relied upon by…

25 September , 2024

Regulators Release Working Paper on an AI Generative Model

The Digital Platform Regulators Forum (DP-REG) has published a working paper on multimodal foundation models (MFMs) used in generative artificial intelligence (AI). The latest working paper “Examination of technology – Multimodal Foundation Models” examines MFMs – a type of generative AI that can process and output multiple data types, such as image, audio or video…

20 September , 2024

Calls Continue for Consumer Regulators to Release Data

The majority of Australia’s consumer regulators are missing the opportunity to act as an early warning system for dodgy businesses, according to new research from the Consumer Policy Research Centre (CPRC). The Am I The Only One? report, released today, finds that most Australian consumer regulators do not publish regular complaints data in an accessible…

18 September , 2024

Consumer Groups Call on NIAA to Strengthen Remote Food Security Strategy

Mandatory code of practice, subsidies for food transportation and increased income support needed A coalition of consumer and indigenous groups is calling on the National Indigenous Australians Agency (NIAA) to better protect vulnerable residents in remote areas. The organisations have welcomed the proposed National Strategy for Food Security in Remote First Nations Communities, but they…

17 September , 2024

Advocates Welcome New Scam Framework, Urge Consumer Safeguards be at the Front and Centre

Consumer Action Law Centre, CHOICE, the Australian Communications Consumer Action Network (ACCAN) and Super Consumers Australia, have welcomed the announcement from the Albanese Government of a consultation on a draft bill starting today, for the proposed Scams Prevention Framework. “I congratulate Assistant Treasurer Stephen Jones and the Albanese Government for pushing ahead with these scam…

13 September , 2024

Collaboration to Support Cash-in-Transit Services Given Interim Authorisation

The ACCC has granted authorisation to allow the Australian Banking Association (ABA), its member banks, Australia Post, retailers, supermarkets and other industry participants to collaborate so they can ensure there is continuity of cash-in-transit services.The ACCC’s authorisation allows the parties to collaborate and prepare for any suspension or disruption of cash-in-transit services.“It is important that…

9 September , 2024

New Rules for Triple Zero Services a Win for Public Safety

Changes to Triple Zero rules announced by Minister for Communications Michelle Rowland today are an important step to enhance public safety. ACCAN – Australia’s peak body for communications consumers – welcomes today’s announcement by the Minister that several new requirements will apply to mobile carriers in relation to the Triple Zero service. The range of…

6 September , 2024

Medical Authorities Urged to Address ‘ticking time bomb’ of 3G Shutdown on Medical Devices

Medical authorities must take urgent action to ensure that up to 200,000 medical implant recipients are aware of the health threat posed by the looming 3G network shutdown. ACCAN CEO Carol Bennett said the recent delay to the shutdown of the 3G network was to be applauded, but there was growing concern that people were…

4 September , 2024

BCCC Releases 2023-2024 Annual Report, Deceased Estates a Focus of Investigation

From the Chair of the Banking Code Compliance Committee: This year we issued three sanctions to three banks for serious and systemic breaches of the Code [relating to deceased estates]. This action underscores our commitment to hold banks accountable for the promises they make under the Code and to respond firmly where we find serious…

30 August , 2024

ASIC Continues to Focus on Greenwashing

ASIC has made 47 regulatory interventions to address greenwashing misconduct during the 15-month period up to 30 June 2024, including the commencement of two Federal Court proceedings and over $123,000 in infringement notice payments. The range of interventions, outlined in Report 791 ASIC’s interventions on greenwashing misconduct: 2023–2024 (REP 791), are aimed at stamping out misleading and…

30 August , 2024

Consumer Advocates Call for Mandatory SMS Anti-Scam Registry

The growing rate of scams and the devastating impact they are having on Australians has been recognised by the Federal Government through the establishment of the SMS Sender ID Register – but it should be made mandatory. ACCAN has welcomed this important step in the fight against scams but urges the government to ensure that…