Regulator news and government inquiries Archives - Page 10 of 81

21 March , 2024

Queensland Inquiry into Supermarket Pricing Open

Submissions are open for an inquiry being undertaken by the Supermarket Pricing Select Committee which was established by the Queensland Parliament on 7 March 2024. Information about the committee can be accessed here.

The committee is calling for submissions to the Inquiry into Supermarket Pricing by 10am on Tuesday, 2 April 2024. Information about how to make a submission to the inquiry and planned public proceedings is provided below.

20 March , 2024

Industry Working Group Welcomed by Consumers as Deadline for the 3G Network Approaches

“Industry should be providing consumers with clear information about which devices will and won’t work with Triple Zero and can be relied on to access emergency services. The working group and the major telcos must clearly communicate to consumers how they can identify if their device will work after the 3G shutdown, or whether they need to upgrade their device.”

19 March , 2024

Energy Consumers Australia Responds to Regulators Draft Default Market Offer

Original media release by and from Energy Consumers Australia (19/03/2024). Energy Consumers Australia CEO Brendan French: “We are pleased that the AER’s draft decision is to reduce the retail margins allowed in the Default Market Offer in recognition of the cost of living demands on consumers. This is something we have called for in our…

18 March , 2024

ACCC to Examine Internet Search Services for Five Year Inquiry

“Significant changes have occurred since the ACCC last examined search services in 2021. We’ve seen new laws introduced overseas that place obligations on so-called gatekeeper search engines and the emergence of new technologies, like generative AI, that have changed the way consumers search for information online and may be impacting the quality of the service they are receiving,”

15 March , 2024

Australians Want Regulation But Consumer Voice Missing in AI Debates

In light of World Consumer Rights Day and the 2024 theme, CHOICE and the Consumer Policy Research Centre (CPRC) have both released articles on artificial intelligence (AI) and the importance, and absence, of consumer voices when discussing use and regulation. Based on CHOICE’s recent research, almost 4 in 5 Australian’s think that business’s should be…

14 March , 2024

Industry Information Package Released in Preparation for the Financial Accountability Regime

Original media release by and for the Australian Securities and Investments Commission (14/03/2024). The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have published new information to help banks, insurers and superannuation trustees prepare for the commencement of the Financial Accountability Regime (FAR). The FAR, which takes effect for banks…

13 March , 2024

ACCC Broadband Network Wholesale Access Regulations a Win for Consumers and Competition

Original media release by and from the ACCC (12/03/2024). Australians on broadband plans provided by non-NBN fixed-line networks should benefit from more stable pricing and greater competition between retailers, following the ACCC’s decision to make a final wholesale access determination for the declared superfast broadband access service (SBAS). TPG and Uniti Group Limited (Uniti) are the two…

13 March , 2024

Digital Platforms Need to Take Responsibility, CHOICE Urges Government Action

Original media release by and from CHOICE (13/03/2024). Big tech responsible for big losses: 249% increase in social media scam losses since 2020 CHOICE calls for strong rules to force digital platforms to rein in scams Consumer group CHOICE is demanding urgent government action to force digital platforms to prevent scam losses, after the National…

12 March , 2024

FCA Calls for In-Program Gambling Ads to be Removed from Survivor

“This is completely inappropriate,” said Lauren Levin, The Director of Policy and Campaigns at FCA. “It was shown at a time when children would be watching. ‘Set for Life’ is exposing children to a gambling product and we know gambling can be very harmful.”

One of the contestants won a challenge and part of her prize was a ‘Set for Life’ package worth $60,000. The logo was displayed a number of times during show segments and the product was also mentioned on numerous occasions throughout the episode.

12 March , 2024

Regulatory Initiatives Announced for Financial Sector

Original media release from the Hon. Jim Chalmers (MP, Treasurer) and the Hon. Stephen Jones (MP, Assistant Treasurer, Minister for Financial Services). The Albanese Government will introduce a financial sector regulatory initiatives grid to make sure the standard business of regulation is carried out in a more coordinated way. We want to make it simpler…

8 March , 2024

Consultation for AER on Developing a Toolkit to Identify and Support Vulnerable Consumers

Original text from the AER (8/03/2024). The Australian Energy Regulator is developing a toolkit to help consumer-facing energy businesses identify and engage with consumers experiencing vulnerability. The toolkit has been informed by: It summarises insights from these sources into 6 better practice principles: The toolkit has been designed to help staff at consumer-facing energy businesses…

7 March , 2024

ACCC Announces 2024-25 Enforcement Priorities

Original media release from the ACCC (7/03/2024). Consumer and competition issues in the supermarket sector and essential services including electricity and financial services are among the ACCC’s compliance and enforcement priorities for the year ahead, ACCC Chair Gina Cass-Gottlieb announced today. “Our priorities continue to be shaped by the key challenges facing our economy and the…