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The Latest Breaking News from ACCC

Peters Ice Cream has been hit with a $12 million fine for blocking the distribution of competitor products to petrol stations and convenience stores.

AAP

‘Kept in the dark’: Optus, TPG, Telstra breach consumer trust over NBN speeds

Internet users are being urged to independently check the speed of their plans after Australia’s largest telcos were caught charging for dodgy NBN.

The New Daily

Ghost fares and extensions: what to do with flight credits for Covid cancellations

Thousands of Australian travellers are stuck with flight credits, and while pursuing a refund can be onerous, there are other options

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

Tech Stocks Roundup: Facebook Slammed for Fake Celebrity Crypto Ads

Check out the latest news and performance numbers from the top technology stocks like Apple, Amazon, Microsoft, Google, Uber, and more.

The Street

The ACCC is suing Meta for celebrity crypto scam ads on Facebook. Here's why the tech giant could be found liable

On the last day of his 11 years as chair of the Australian Competition and Consumer Commission (ACCC), Rod Sims announced the commission is bringing a “world-first” claim against Meta (owner of Facebook) in the Federal Court for false or misleading conduct.

The Conversation

Facebook's Crypto Practices Worry a Major Regulator

The social media giant faces serious allegations about its crypto practices.

The Street

Zuckerberg's Facebook Receives Very Worrisome News About Crypto

The social media giant faces serious allegations about its crypto practices.

The Street

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Australia sues Meta for ads promoting cryptocurrency scams

The Aussie watchdog says the ads promoted crypto scams by using photos of prominent Australian figures.

Input

Facebook didn’t remove scam ads featuring Australian billionaires. Now the ACCC is suing

Australia's consumer watchdog, the ACCC, is taking legal action against Facebook's parent company Meta in response to scam cryptocurrency investment ads.

The New Daily

Meta Is Getting Zapped By The ACCC For Scam Ads & Oops, Hope There’s Lawyers In The Metaverse!

One person allegedly lost over $650,000 through a scam.

Pedestrian.tv

Australian watchdog sues Facebook-owner Meta over scam advertisements

Australia's competition watchdog filed a lawsuit against Facebook owner Meta Platforms on Friday, alleging the social media giant failed to prevent scammers using its platform to promote fake ads featuring well-known people.

Reuters

ACCC takes Meta to court over Facebook scam ads depicting Australian identities

Dick Smith, Andrew Forrest among prominent people used on cryptocurrency and other scam ads without approval

The Guardian - AU

‘Untold losses’: Facebook sued for helping scammers impersonate celebs and rip-off users

The ACCC has dragged Facebook to court, accusing it of helping scammers impersonate celebrities, and causing "untold losses" for consumers.

The New Daily

Facebook, Instagram parent company Meta sued over scam ads featuring Dick Smith, David Koch

The consumer watchdog is suing Facebook’s parent company, Meta, alleging it failed to take action against scammers on its social media platform.

ABC News

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The Guardian - AU

Travellers urged to book early as fares predicted to soar due to rising jet fuel prices

Qantas chief says airlines have no choice but to increase prices and believes travel will be impacted

ABC News

ACCC says investigation into Facebook's response to scammers is in advanced stage, hints legal action may follow

Facebook could soon be legally defending its record on scammers, with the Australian consumer watchdog revealing an investigation into the company is "very advanced".

The New Daily

‘Massive uplift’: Pricier airfares coming as Ukraine war pushes oil prices higher

Australians are facing steep rises in airfares this year as the Ukraine war pushes up jet fuel costs for airlines – ending a brief period of lower prices.

ABC News

Unfair practices law needed to improve consumer protection, says outgoing ACCC chair Rod Sims

The outgoing head of Australia's competition regulator wants to see the crackdown on big tech extended to outlawing unfair practices, a move he says could also benefit consumers in other sectors, such as travel.

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The Guardian - AU

Reining in the digital giants: Rod Sims on the trials and triumphs of a decade as head of the consumer watchdog

Outgoing Australian Competition and Consumer Commission chair reflects on his time as consumer protector and market guardian

The New Daily

Telstra and Optus lose as small NBN retailers take on the giants with tailored plans: ACCC

Telco giants Telstra and Optus are losing ground to smaller independent retailers, the ACCC has said in a new NBN report.

AAP

Rapid test kits were not redirected: ACCC

The head of the ACCC has confirmed there were false reports of rapid test kits being redirected to the federal government and the watchdog is investigating.

AAP

Wire and poles problem for AGL bid: ACCC

Billionaire Mike Cannon-Brookes still wants to buy AGL Energy, but the competition watchdog is worried about the consortium holding wires, poles and generators.

AAP

Stronger rules for digital giants: ACCC

Consumer watchdog Rod Sims says new rules to protect Australians in the digital sphere must be strengthened, building on work already completed.

The Guardian - AU

Australia’s post-Covid recovery will be hurt by high levels of market concentration, ACCC’s Rod Sims says

Outgoing consumer watchdog chair says supply challenges are made worse by anti-competitive activity and merger laws ‘not up to the task’

ABC News

Mike Cannon-Brookes and Brookfield face multiple regulatory hurdles in AGL bid

The consortium being led by billionaire Mike Cannon-Brookes will face multiple regulatory hurdles to take over energy producer and retailer AGL, even if it can get the target company to agree to a deal.

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Andrew ‘Twiggy’ Forrest

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