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The Latest Breaking News from ACCC

Battery-operated items from Temu tested by Choice fail Australian safety standards

Consumer advocate says results a ‘worrying reminder’ products can put children at risk, with most items having insecure battery components that are not child-safe

The Guardian - AU

Calls for ACCC investigation into live music industry amid warnings artists may be getting ‘ripped off’

Multinational claims upcoming ABC report into it will likely be ‘inaccurate and unbalanced’ as experts say without intervention smaller venues will struggle to survive

The Guardian - AU

Global petrol price spike due to Middle East conflict to hit Australian motorists, Jim Chalmers warns

‘Rule of thumb’ is Australia’s inflation rises 0.4% when a 10% increase to crude oil price lasts a year

The Guardian - AU

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New merger laws to shelve 'damaging' supermarket deals

The competition watchdog will have to be notified of every supermarket merger to prevent major players from gaining an unfair advantage.

AAP

Federal spending on social media ads doubles as government seeks ban

Could a cut in government advertising influence the tech giants?

The Canberra Times

Qantas fined for selling seats on cancelled flights

A Federal Court judge has approved a $100 million fine, agreed by the consumer watchdog and Qantas, after the airline sold seats on already cancelled flights.

AAP

Rally organisers and police reach agreement – as it happened

This blog is now closed

The Guardian - AU

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‘Shrinkflation’ is the Albanese government’s next target to protect supermarket shoppers

The Albanese government will tackle “shrinkflation” in supermarkets and potentially other parts of the retail sector.

The Conversation

Expert rejects supermarket land banking concerns

A retail expert says it's "not unreasonable" for supermarkets to spend years developing sites for stores, as the government moves to crack down on land banking.

AAP

Coles and Woolies might cop a fine. How big would it actually be?

A back-of-the-envelope calculation brings us to more than the GDP of Australia.

Crikey

Cash injection as regulator probes supermarket claims

The consumer watchdog has received a cash injection as it examines allegations of land banking and dubious discounts against the major supermarket chains.

AAP

What the Woolworths and Coles grocery bonanza costs consumers

As the supermarket giants face increasing scrutiny over their role in Australia’s cost of living crisis, Crikey breaks down the key numbers at play.

Crikey

Coles and Woolworths are in hot water with the regulator. What happens now?

If ‘was/is’ pricing was the thought bubble of people in marketing, a lawyer says, the supermarket duo might be in for some trouble

The Guardian - AU

Tight gas market to remain as additional wells approved

Two offshore drilling licences have been approved to bring more gas to the domestic east coast market as experts warn of potential shortfalls next winter.

AAP

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The Conversation

‘Concerning’: ACCC interim report on supermarket inquiry tells of supplier woes and ‘oligopolistic’ market

It hasn’t been a good week for Coles and Woolworths. On Monday, the Australian Competition and Consumer Commission (the national competition regulator or ACCC) announced it was taking legal action against the big supermarkets over alleged misleading pricing claims.

The Guardian - AU

Morning Mail: Australia’s ‘oligopolists’, Musk’s Trump funding, and paths to negative gearing reform

Watchdog’s interim report slams Coles and Woolworths for squeezing out competition; Republican ground game paid for by billionaire’s Pac

Crikey

ACCC report slams Coles and Woolworths ‘oligopoly’

A new report from the ACCC puts pricing at the major supermarkets under the microscope, and Peter Dutton has equated foreign students with ‘boat arrivals’.

AAP

Aldi reigns supreme as more customers compare grocers

Aldi has prevailed in a second supermarket basket comparison, a process many customers are carrying out before their weekly shop.

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The Guardian - AU

Inflation may be falling but business’s drive to maximise profits fuelled Australia’s cost-of-living nightmare

A significant reason for the drop in inflation was the federal government’s energy bill relief fund and the rebates in Queensland, WA and Tasmania

Crikey

Woolies, Coles price gouging is morally indistinguishable from theft. It will happen again

Investing corporations with their own legal identity was a mistake because it implies they have a soul. They do not.

Crikey

Rates on hold as Labor considers changes to negative gearing

The RBA shocked nobody by holding interest rates at 4.35% yesterday, but the Albanese government may have surprised some by seeking advice on scaling back negative gearing.

AAP

Psychological tricks behind supermarket discounts

Marketing experts say supermarkets are hitting on a human bias to buy with little thought when presented with apparent discounts.

Pedestrian.tv

Redditor Seemingly Catches Woolworths Red-Handed With ‘Discount’ Tag Higher Than Regular Price

One Aussie Reddit user has apparently caught Woolworths red-handed with a price tag that doesn't match the discounted tag.

Crikey

The Woolies and Coles price-gouging scandal might become an even bigger story

Were brands that have become household names in Australia aware of the pricing plans?

AAP

'Get your act together': PM calls out supermarkets

Coles and Woolworths have been told to start acting in the interests of Australians after the consumer watchdog accused them of misleading customers.

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