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Casual and part-time workers, people out of work and people in ‘hazardous’ jobs often face the activities of daily living (ADL) test if they make a total and permanent disability claim. This effectively makes the TPD insurance in their super junk. More than 12 million Australians have total and permanent disability (TPD) insurance through their…
Read More Are you paying for junk insurance in your super?
The dashboard of a car; the airbags have deployed and are deflated
About 3.56 million defective Takata airbags have now been replaced as part of the compulsory recall, but more than seven percent remain outstanding and the ACCC is urging consumers not to ignore or delay responding to recall notices. Figures released on Friday show about 3.56 million airbags in 2.59 million vehicles were rectified as at…
Read More More than 250,000 vehicles with defective Takata airbags remaining for replacement
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ACCC Media Release 3/20: Honda and Mitsubishi have commenced voluntary recalls for vehicles manufactured between 1996 and 2000 due to a serious safety concern relating to faulty airbags. These vehicles may have been fitted with potentially deadly Takata NADI 5-AT airbags. There is a risk these airbags may misdeploy in an accident and cause metal…
Read More Honda and Mitsubishi recall 42,000 cars due to serious airbag safety risk
The dashboard of a car, both of the front airbags have deployed
The ACCC is warning Australian consumers about a new safety risk in using certain vehicles fitted with a different type of faulty Takata airbag. These airbags, which are fitted with a NADI 5-AT propellant, are not captured under the existing compulsory recall of Takata airbags. There is a serious safety risk that these NADI airbags…
Read More Consumers warned of new airbag safety risk
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Consumer Action Law Centre (Consumer Action) and Financial Rights Legal Centre (Financial Rights) say ASIC’s overhaul of its responsible lending guidance is a welcome announcement in the wake of the devastating consumer harm exposed during the Banking Royal Commission. Too many lenders, including banks, finance companies, payday lenders, and consumer lease providers have not effectively complied with legal obligations to ensure they do not provide borrowers with unsuitable loans. ASIC’s updated responsible lending guidance make existing laws clearer, easier to enforce and will help to hold…
Read More ASIC’s overhaul of responsible lending guidance should focus lenders on the welfare of borrowers
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Consumer regulators have today released a report on their collaborative efforts in administering the Australian Consumer Law (ACL) over the last twelve months. The report shines a light on some of the key policy, education and enforcement activities undertaken by the members of Consumer Affairs Australia and New Zealand (CAANZ) during the 2018-19 financial year,…
Read More Australian Consumer Law collaboration benefits consumers
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The Australian Communications and Media Authority (ACMA) has released its Combating Scams report which recommends new enforceable obligations on telcos and the immediate commencement of trials for a number of scam reduction initiatives. The trials aims to reduce common phone scams such as malicious ‘spoofing’, where scammers disguise their number to make it look like…
Read More ACMA recommends immediate action to combat scams
A broken tile house roof
“Stand up to the insurance lobby” – that’s the message of leading consumer groups as they deliver signatures of over 20,000 Australians to Parliament House in Canberra. The groups anticipate the Federal Government to act on “Unfair Contract Terms” laws this fortnight, closing a damaging loophole that has allowed insurance companies to profit by using…
Read More 20,000 Australians demand the end of unfair insurance
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Australians have already lost more money to online shopping scams in 2019 than in the entire previous year, and Scamwatch is warning people to be cautious of online shopping scams in the lead up to the holiday season. So far in 2019, reported losses from online shopping scams are over $4 million, well in excess…
Read More ACCC warns of increase in online shopping scams
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Consumer Affairs Australia and New Zealand (CAANZ) has released two new guidance papers on the concepts of ‘durability’ and ‘safe’ under the consumer guarantees provisions of the Australian Consumer Law (ACL). The ACL creates a basic set of guarantees for consumers who acquire goods. One of these guarantees is that the goods will be of…
Read More New guidance on meaning of safe and durable products to provide clarity to consumers
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Residential consumers and small businesses made 32,801 complaints in the first quarter of 2020 (1 July 2019 to 30 September 2019). In this period complaints about phone and internet services increased 6.3 per cent compared to the same period in 2018. This data was highlighted in the Telecommunications Industry Ombudsman’s Quarter One 2020 Complaints report…
Read More TIO reports increase in phone and internet complaints
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CHOICE research has discovered that Australians purchasing some Silver Plus health insurance policies are losing hundreds of dollars every year. The research follows CHOICE slamming the industry for rip-off Basic policies earlier this year. “Health insurers are scamming Australians with high-cost plus policies,” says Dean Price, Health Campaigner at CHOICE. “We’ve found over 215 Silver…
Read More Health insurers are scamming Australians with high-cost plus policies
