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The Latest Breaking News from ACCC

Competition minister ‘concerned’ Australians pay most in world to sell their homes online

Agents and critics claim business practices and pricing structure of REA Group - which owns realestate.com.au - stifle competition in market

The Guardian - AU

How ‘was/is’ pricing works – and why it’s landed Coles and Woolworths in court

Competition watchdog has accused supermarket giants of breaching consumer laws with alleged ‘price spike’ practices

The Guardian - AU

Afternoon Update: grocery giants sued over ‘illusory’ discounts; new Socceroos coach; and abducted toddler found after 73 years

Anthony Albanese says if the allegations are found to be true it would be ‘completely unacceptable’ behaviour by the supermarkets

The Guardian - AU

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Woolworths and Coles sued by ACCC for allegedly misleading shoppers over the price of more than 500 products

At a time most people are trying to cut their weekly grocery bills, Australia’s supermarket giants have been hit with legal action for allegedly misleading shoppers over the price of hundreds of products.

The Conversation

Anthony Albanese Backs ACCC’s Allegations Against Coles & Woolworths: ‘Completely Unacceptable’

Prime Minister Anthony Albanese has spoken out against Coles and Woolworths alleged business practises following the ACCC's announcement.

Pedestrian.tv

The ACCC Is Taking Woolies & Coles To Court Over Price Gouging Allegations

Down, down, the supermarket giants are going down.

Pedestrian.tv

AFL stars walk Brownlow medal red carpet – as it happened

This blog is now closed

The Guardian - AU

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Coles and Woolworths head down, down to federal court

The consumer watchdog is taking Coles and Woolworths to court amid allegations the retailers allegedly artificially increased prices on hundreds of goods.

AAP

Revealed: where property underquoting is rife in Australia – and when buyers are most likely to get stung

Our analysis suggests buyers are better off checking an automated price estimate than going by the real estate agent’s guide

The Guardian - AU

PayID Scams Are All Over Facebook Marketplace –Here’s How To Spot Them

"Do you have PayID?"

Marie Claire - AU

Rod Sims says ‘worth considering’ whether realestate.com.au engaged in anti-competitive practices as Greens blast ‘rigged’ system

Greens say the price hikes arising from REA Group’s dominance underscore need for new price-gouging laws

The Guardian - AU

‘The bear at the door’: estate agents say they fear speaking out about realestate.com.au ‘price gouging’

Multiple agents have told the Guardian that the News Corp-controlled property portal’s dominance has allowed it to quiet critics and aggressively hike prices

The Guardian - AU

The Productivity Commission wants all Australian kids to get 3 days a week of childcare – but it won’t be until 2036

The federal government has released a highly anticipated report into Australia’s childcare system. The report, by the Productivity Commission, says addressing affordability should be a priority. It recommends fully subsidised childcare for families earning under A$80,000 from 2026.

The Conversation

The ‘symbiotic relationship’ that makes selling a house in Australia so damn expensive

Dimitri Chrisis thought he would save money by ditching his real estate agent, but instead it meant the advertising campaign on his suburban home would cost thousands more

The Guardian - AU

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The Conversation

How well is the federal government regulating social media in Australia?

This is the fourth piece in a series on the Future of Australian media. You can read the rest of the series here.

The Guardian - AU

Flower company admits to 156 websites posing as local shopfronts in $1m settlement with Australian regulator

ACCC fields 66 complaints about Meg’s Flowers, which fulfilled orders by using other brands under the Flowercorp group parent company

The Conversation

Surcharges are added to most purchases, but what are the rules behind these extra fees?

You head to the register at the cafe to pay for your lunch, swipe your card and suddenly realise you’ve been hit with an extra small but unexpected charge.

The Guardian - AU

We have one supermarket in our little town. Are they required to display unit prices?

Your grocery store may not be obliged to display pricing in this way, writes policy professional Kat George. But you can still advocate for it to do so

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International Business Times UK

300 Passengers Booked First-Class Qantas Roundtrip Seats Between Australia And The US For As Low As $3,390; But There's A Catch

The airline is not obligated legally to honour fares if they are incorrectly priced

The Canberra Times

How to save hundreds on petrol in Canberra

One area came up cheapest for fuel in the ACT.

The Conversation

Why is it so hard to cancel subscriptions or end ‘free’ trials? Report shows how companies trap you into paying

Many businesses are trapping Australian consumers in paid subscriptions by making them hard to cancel, hiding important details and offering “free” trials that auto-renew with hefty charges. We need law reform to tackle this continuing problem.

AAP

Thousands of illegal jelly cups seized during sting

Although mini jelly cups containing Konjac were banned in Australia due to a choking hazard, 11,300 of them were found across three businesses in Sydney.

Crikey

Yes — taxpayers should bail out journalism. It’s the least bad option we’ve got left

‘If making The Great Gatsby is in the interest of the Australian taxpayer, then so is covering the news.’

The Guardian - AU

ACCC keeping ‘vigilant’ watch on Qantas and Virgin airfares after Rex retreat

Watchdog provides bleak assessment of airline competition, saying ticket prices could climb with return of duopoly

AAP

Airfare spike fears after Rex's flight from capitals

With no Australian airline route featuring more than two companies, the competition watchdog says prices could spike with the exit of cash-strapped Rex.

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