Get all your news in one place.
100’s of premium titles.
One app.
Start reading
AAP
AAP
Politics
Rachael Ward

Telcos must offer financial hardship assistance

The communications watchdog has been tasked with enforcing standards on financial hardship. (Mick Tsikas/AAP PHOTOS) (AAP)

Telcos will have to offer financial hardship assistance to customers so they do not lose access to work, education and other critical services, the federal government says.

This will bring their social responsibilities into line with similar requirements for energy companies.

Communications Minister Michelle Rowland has directed the Australian Communications and Media Authority to introduce enforceable standards for telcos by January 1, 2024.

"Given the current cost of living pressures that many Australians are facing, it's important we have clear and enforceable rules so telcos give appropriate support to consumers doing it tough," Ms Rowland said.

More than one in ten Australians have issues paying their telco bills but just 0.03 per cent of residential customers were in financial hardship programs, according to a recent report by Roy Morgan and OmniPoll.

It found found just two thirds of telco customers experiencing financial difficulties were aware they could contact their provider for help.

However, telecommunications services have not been a key contributor to increased household spending, unlike mortgage costs.

Industry and consumer stakeholders will be able to take part in developing the standards for the telecommunications sector before they are introduced.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.