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The Latest Breaking News from ACCC

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.

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

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.

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

‘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

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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.

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.

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.

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.

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

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.

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

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

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

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 Guardian - AU

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

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.

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

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

The Guardian - AU

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

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.

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‘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.

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.

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.

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

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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.

Watchdog puts social influencers on notice

A callout from the consumer watchdog to identify social media influencers who are misleading their followers has received more than 150 tip-offs.

The Guardian - AU

ACCC to crack down on misleading influencer endorsements across social media

Consumer watchdog received over 150 tip-offs about influencers who reportedly failed to disclose affiliations with products they were promoting

Airlines rolled the dice in December, and consumers walked with their wallets

In a blow to airlines and tourism, Sydney and Melbourne's airports had fewer passengers pass through terminals recently than pre-COVID.

Emirates boosts flights to pre-pandemic levels in Australia

Emirates has increased its service in Australia, while ACCC believes the cost of airfares should soon return to pre-COVID levels.

Federal MPs, advocates call for mandated roaming to improve mobile phone reception in the bush

Mobile phone towers are locked to specific telecommunication providers, but mandatory roaming advocates say unlocking them is a simple process that will have big benefits for rural communities.

Inflation is measured using a basket of goods. So how much have prices gone up?

Inflation is measured using a basket of goods. Here's how much the price of groceries, eating out and fuel has gone up since 2020.

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