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The Latest Breaking News from ACCC

Markets predict interest rate rise, ACCC says lack of competition driving up airfares, ASX closes higher after US debt ceiling deal signed — as it happened

Markets are forecasting the RBA will lift interest rates again at its meeting tomorrow, while the ASX has closed higher after a debt ceiling crisis in the US was avoided. Look back on the day's events as it happened with our blog.

ABC News

Qantas and Virgin given little incentive to cheapen air fares, watchdog warns

ACCC warns airline industry is at ‘critical juncture’ with a developing duopoly stunting competition

The Guardian - AU

Federal government to crack down on 'profiteering' under the NDIS and make overcharging for the same product illegal

The federal government is working on a new law to explicitly make it illegal to charge more for products and services because a client is on the National Disability Insurance Scheme.

ABC News

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read the most diverse news in one place.

‘Paying too much’: calls for ongoing inquiry to monitor airlines over price-gouging fears

Exclusive: consumer and aviation figures call for continued scrutiny as Australian companies post multibillion-dollar profits and ticket prices remain high

The Guardian - AU

Retailers slapped with stiff fines over button batteries in Halloween novelties

Two Australian retailers have been fined over the supply of Halloween novelty products containing potentially lethal button batteries.

The New Daily

How many versions is too many versions of Taylor Swift's Midnights?

"Where does she draw the line? How many more editions before it becomes over the top?"

Newcastle Herald

New Woolworths will 'lessen competition', watchdog says

ACCC concerned about purchase of IGA, saying there are already two Woolworths nearby.

The Canberra Times

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National anti-scams centre set to open in July, as Australians lose billions to fraudsters

A national anti-scams centre is being established to help combat scams and online fraud, after Australians reported losing billions of dollars to fraudsters last year.

ABC News

Australian airlines push back on calls to compensate passengers for delays and cancellations

Exclusive: Companies say a compensation scheme like the EU’s would drive up air fares in Australia

The Guardian - AU

My $1,000 laptop died after two years. It had a one-year warranty. Is complaining a waste of time?

Your basic consumer rights aren’t interchangeable for product warranties, says Australian consumer law and policy professional Kat George – even if the warranty has expired your rights still apply

The Guardian - AU

Muslim community seeks answers after ANIC report on halal-certified poultry in Australia

After the release of a report into the slaughtering process of poultry meat, some Australian Muslims are questioning if they can "trust" that the food they consume is permissible under Islamic laws.

ABC News

Australian airline passengers could soon receive compensation for delays and cancellations

Advocates for a compensation scheme claim Australia lags behind the rest of the world

The Guardian - AU

Federal budget: White Pages listings, payments to tax havens and the weird contracts within

The federal government spends about $650 billion a year. Where some of it goes will surprise you.

ABC News

Major retailers fined over button battery products

The Australian Consumer and Competition Commission has fined two prominent retailers over products containing button batteries.

The New Daily

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The New Daily

Which telcos have the fastest 4G and 5G networks?

Industry analysis has compared the services of Australia's biggest telcos to find which is performing the best.

ABC News

What is a 'subscription trap' and how can Australians avoid it?

More Australians are getting "trapped" in a subscription service for everything from streamers to pet food and clothing. Here's why.

The New Daily

Federal government’s register opens a new front in the war on text scammers

Text scammers will have a harder time thanks to a new register aimed at tracking and identifying digital confidence tricksters

Newcastle Herald

It's not illegal but it should be, says Newcastle home buyer's agent

Call for real estate kickbacks to be banned.

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news in one place.

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The New Daily

Consumer watchdog turns up heat on banks over savings rates

The ACCC is turning the spotlight on banks over interest rates – especially those paid to savers as borrowers are increasingly slugged.

The New Daily

Qantas, Virgin are United in competition after US airlines’ expansion

United Airlines will expand its presence in Australia this year following a codeshare agreement with Virgin Australia.

AAP

ACCC to oppose Qantas' $614m acquisition of Alliance

After a nearly one-year review the competition watchdog says it has concluded that Qantas acquiring Alliance Aviation would reduce competition.

The New Daily

Qantas takeover of FIFO rival blocked amid competition concerns

The Qantas takeover of Alliance Aviation is in tatters after the competition regulator said it would oppose the $610 million deal.

ABC News

Environmental advocates lodge ACCC complaint over 'ocean plastic' products

More consumer products are claiming to be made from recycled ocean or ocean-bound plastics, but green groups say the claims are difficult to prove and may be misleading consumers.

The New Daily

Scams cost Aussies $3 billion last year, with calls for co-ordinated response to scourge

It was the “hi mum” and the unpaid toll text message that was the most common. Reports of these two phishing scams rose 469 per cent.

ABC News

Australians lose record $3.1 billion to scams in 2022, as ACCC calls for tougher measures

Australians lost more than $3.1 billion to scams in 2022, a new record and an 80 per cent increase from 2021, according to a new report that has prompted fresh calls for banks to do more to protect consumers.

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