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The Federal Parliament has passed the Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) Bill 2023 to establish an industry-funded compensation scheme of last resort for victims of financial misconduct. Quotes attributable to Alan Kirkland, Chief Executive Officer of CHOICE: “The introduction of a compensation scheme of last resort is an historic moment…

Read More “Historic moment for consumer financial protection”: CHOICE on the passage of compensation scheme of last resort 

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Fraudsters are impersonating banks over SMS and phone calls, creating elaborate scams that are difficult to spot

Vulnerabilities in SMS and phone networks currently allow the scams to flourish, but experts say a new registry will help close these loopholes

In the meantime, consumers are urged to watch out for messages and calls from their bank urgently asking them to transfer money

Read More SMS and Bank Impersonation Fraud – What you need to know to avoid being scammed

March 28th was a day of action for First Nations advocates a year after the federal government established an interim scheme so that some of the families harmed by Aboriginal Community Benefit Fund/Youpla could conduct the important cultural practice of Sorry Business. The Save Sorry Business coalition used this day of action to call for…

Read More Save Sorry Business Day of Action

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CHOICE travels to the remote Indigenous community of Wujal Wujal in Far North Qld to investigate dodgy motor vehicle sales. Cedric Friday says that every time he looks at his broken-down Holden Captiva it makes him angry. The second-hand car that he and his brother-in-law spent $19,000 on sits immovable in his driveway. This is…

Read More Remote Indigenous communities left with broken cars and no redress

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For the second quarter in a row, record numbers of people are very concerned about the cost of home insurance, according to new data from CHOICE. The nationally representative survey, conducted in June 2022, found that 64% of Australians were very concerned or quite concerned about the cost of home insurance. This is a media release from CHOICE.…

Read More Almost two in three Australians concerned about cost of home insurance

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The recommended pram and stroller safety essentials are the AS/NZS 2088 label on the item, a sturdy frame, a five-point harness and a tether strap, according to the Australian Parenting website. Standards Australia recently published the revised AS 2088:2022 Prams and strollers – Safety requirements which provides manufacturers, authorities, and others with minimum safety requirements for prams and…

Read More Pram and stroller safety essentials

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With rising energy prices, home battery storage offers savings to consumers and an alternate to fossil fuels, read more here. Standards Australia has released a draft standard for public comment which will ensure consumers are provided with the information to meaningfully compare different battery manufacturers claims (and technologies). It defines standard testing protocols revealing the performance…

Read More Battery storage for households – Public comment invited on draft standard

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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.…

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