Regulator news and government inquiries Archives - Page 27 of 81

8 July , 2022

ASIC helps credit providers protect victims of family violence

ASIC has adopted a temporary no-action position to enable large banks (‘eligible licensees’) to withhold the reporting of certain credit information on consumer credit reports where reporting the information could lead to consumer harm, including where a consumer may be the victim of family violence. This is a media release from the Australian Securities & Investments Commission (ASIC).…

14 June , 2022

“Volatile, complex and high-risk”: CHOICE calls for stronger crypto consumer protections

Consumer group CHOICE has released new data from a nationally representative survey of consumers that shows more than 1 in 9 Australians (12%) have purchased crypto such as Bitcoin or Ethereum in the past 12 months. This is a media release from CHOICE. It was originally published on 31st May, 2022. Read a longer CHOICE article on cryptocurrency.…

14 June , 2022

Consumer awareness growing around carbon credentials

A CHOICE survey reveals that consumers notice carbon claims and they sometimes influence purchase decisions. But how reliable are they? Need to know New data shows consumers are increasingly taking note of businesses’ carbon credentials But uncertainty remains for some people around whether to trust carbon neutral claims Significant numbers of consumers are factoring carbon…

5 May , 2022

Qantas’s flight credits policy is “unfair and unworkable”: CHOICE

Australian travellers are growing increasingly frustrated with Qantas as restrictions ease across the country and travel begins again. This is a media release from CHOICE. It was originally published on 12th April, 2022. CHOICE spokesperson, Dean Price, said that Qantas was placing unreasonable barriers in the way of travellers trying to redeem their credits or get a refund.…

12 April , 2022

Consumer Guarantees – reimaging redress for consumers

Consumer groups welcomed the consultation on improving the effectiveness of the consumer guarantee and supplier indemnification provisions under the Australian Consumer Law. Ideally, under the Australian Consumer Law, products and services come with a guarantee that they are of acceptable quality, safe with no faults and fit-for-purpose. And when these are not met, consumers are…

1 April , 2022

ACCAN Board announces Andrew Williams as CEO

The board of the Australian Communications Consumer Action Network (ACCAN) today announced that Andrew Williams has been appointed as Chief Executive Officer for the organisation. “Following an executive search process, the board has determined that Acting CEO Andrew Williams is the best person to lead ACCAN forward as CEO,” said ACCAN Chair Deirdre O’Donnell. This…

18 March , 2022

Global alliance calls for regulation of harmful buy now, pay later industry

CHOICE has joined consumer groups from 9 countries, including Consumers’ Federation of Australia (CFA), calling for urgent action on buy now, pay later (BNPL) credit providers as new data shows many Australians are struggling with this form of debt. This is a media release from CHOICE. It was originally published on 17th March, 2022. The global statement…

15 March , 2022

New digital platform rules crucial next step in consumer law reform

The development of new upfront rules that force dominant digital platforms to treat their users fairly is the important next step in reforming Australia’s consumer protection laws, ACCC Chair Rod Sims said today. This is a media release from the Australian Competition & Consumer Commission (ACCC). It was originally published on 15th March, 2022. Delivering the 2022 Ruby…

11 March , 2022

Confusing insurance definitions for extreme weather events must be standardised

Australians who face devastating property losses following natural disasters such as the recent floods confront further hardship when trying to claim on their insurance because of confusing terms and conditions and fine print limitations in their policies. This is a media release from Financial Rights Legal Centre. It was originally published on 10th March, 2022. A new report…

17 February , 2022

ACCAN Welcomes 2021 Regional Telecommunications Review Findings

The release of the 2021 Regional Telecommunications Review holds promise for better connectivity for regional, rural and remote Australians, according to the Australian Communications Consumer Action Network (ACCAN). This is a media release from the Australian Communications Consumer Action Network (ACCAN). It was originally published on 15th February, 2022. The Regional Telecommunications Review is a tri-annual process which plays…

10 February , 2022

FCA welcomes tough stance by ACMA on unlawful spamming by Sportsbet

Financial counsellors applaud the Australian Communications and Media Authority (ACMA) for imposing the largest penalty ever given a fine of $2.5 million on Sportsbet. This is a media release from Financial Counselling Australia. It was originally published on 10th February, 2022. The betting company will also refund customers $1.2 million after an extensive ACMA investigation found it had…

10 February , 2022

New research finds Tinder Plus price discrimination is a worldwide issue: CHOICE releases open “love letter” asking Tinder Australia to stop unethical data use

Following CHOICE’s 2020 investigation into Tinder’s discriminatory pricing practices in Australia, new research by Consumers International and the Mozilla Foundation has found that Tinder Plus users in several other countries are being unknowingly charged more based on their personal information. This is a media release from CHOICE. It was originally published on 9th February, 2022. The research found that Tinder…