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The Latest Breaking News from ACCC

ACCC loses appeal of monopoly case against NSW Ports

The ACCC has been dealt a legal blow as its appeal of a lawsuit over the allegedly anti-competitive privatisation of Newcastle's port has been tossed.

AAP

Port of Newcastle says competition watchdog's container case loss won't stop its plans

ACCC comments on its loss in major container terminal case

Newcastle Herald

See when Australia's biggest banks stopped paying proper interest on your savings – and what you can do about it

Whenever interest rates went up in the past, I used to get told it wasn’t all bad news. At least it was good for some people: savers – people with money in the bank.

The Conversation

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Newcastle's inner city parking woes loomed long before Supercars

The influx of builders working on various big projects means there has been a flood of trades all needing parking, but spaces are limited.

Newcastle Herald

Mark received a legal threat for refusing to pay $17,000 upfront for a used car. Now his personal details are with scammers

Mark Bardsley was on the hunt for a second-hand car when he came across what seemed to be a good deal on a trusted car-sales website. It ended with scammers having his personal details.

ABC News

ACCC asking why banks are slow to lift interest rates on savings accounts

The landscape for Australian savings rates is changing fast as banks begin to relent after the RBA’s February interest rate hike.

The New Daily

RBA boss Philip Lowe defends record bank profits as he flags further rate hikes

Philip Lowe says it is important in the long term to have "strong" banks that are turning a profit, even though it may be hard to hear for people in the grip of skyrocketing mortgage repayments.

ABC News

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All bells and whistleblowers

It has cost taxpayers more than $7.6 million to prosecute whistleblowers including Bernard Collaery, David McBride and Richard Boyle, and NSW Premier Dominic Perrottet will not say whether he will back a ban on the discredited gay conversion therapy.

Crikey

‘Lovers and myGov-ers’: the best and worst Valentine’s Day PR stunts

Roses are red, violets are blue, if you’re cashing in on the love, the joke may be on you

The Guardian - AU

Think your relative is caught up in a romance scam? Here's how to talk to them about love scams this Valentine's Day

If you suspect someone you love is being fleeced in a romance scam, how do you break it to them without them getting defensive? An expert from Relationships Australia talks us through it.

ABC News

Love-struck Aussies lost $40.6 million to romance scams in 2022

For some heartbroken Aussies, Valentine's Day can be a painful reminder of scams that emptied their bank accounts.

The New Daily

Squeeze on motorists as petrol prices hit $2 in February

Australian motorists are being squeezed by near-record petrol prices again, as service stations across major capital cities hike.

The New Daily

Gas producers accused of bullying and price gouging, despite federal government intervention to cap prices

Two months after the federal government introduced price controls on gas, manufacturers are still struggling to get a fair deal — and the costs are being passed onto consumers.

ABC News

There's a PayID scam where 'buyers' are claiming they have to transfer additional money — Ella nearly fell for it

Ella always thought she was pretty online savvy, which gave her confidence when she decided to sell some shoes online — but a close call with a scammer has made her think twice.

ABC News

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The Guardian - AU

Australian losses to online marketplace fraud increase as scams become increasingly sophisticated

Consumer groups say online platforms like Facebook Marketplace and Gumtree need to do more to keep customers safe

The Guardian - AU

From ‘hi mum’ to crypto fraud: five of the latest scams to watch out for

Australians are losing millions of dollars a week to increasingly common swindles. How can you avoid them?

The Guardian - AU

Australian banks should reimburse scam victims, ACCC and consumer advocates say

‘Glaring lack of regulations’ means Australia is a ‘wild, wild west’, Consumer Action Law Centre policy officer says

The New Daily

Renewal of Qantas-Emirates partnership is not the best deal, travel agents say

Travel he travel industry has expressed concerns about the impact of a partnership between Qantas and Emirates airlines.

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news in one place.

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The Guardian - AU

How to not get caught in the million dollars a day of scams in Australia

With little chance of getting money back if you are a victim, take these measures to protect yourself from unsolicited calls, texts and emails

ABC News

Adam thought he was starting a new job, until he lost $28,000. What are recruitment scams and how are they targeting job seekers?

It is the scam that preys on the most-vulnerable feeling that job seekers have: hope. Here is what recruitment scams are and how they are targeting job seekers.

The New Daily

‘Manipulative’: ACCC cracking down on dodgy social media influencers

Australians are being warned to think twice before believing what they see on social media platforms amid dodgy influencer marketing.

ABC News

ACCC forecasts 2023 east coast gas shortage, despite federal government intervention

The competition watchdog warns committed east coast gas supplies could fall short in 2023 as it calls on providers to release more of their uncontracted supplies.

AAP

Gas shortfall concerns downgraded: ACCC

Australia is not out of the woods when it comes to a domestic gas shortfall but there's enough uncontracted supply available to cover the gap.

Pedestrian.tv

#NotAnAd: 100+ Aussie Influencers Are Getting A Hot Sexy ACCC Investigation For Breaking Rules

Get em' girls.

ABC News

Influencer crackdown in full swing as ACCC sweeps social media for hidden ads, undeclared sponsored posts

A cross-platform social media sweep launched this week by the consumer watchdog has already prompted more than 150 tip-offs, mostly in relation to influencers in the fields of beauty, lifestyle, fashion and parenting.

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