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The Latest Breaking News from ACCC

Labor under pressure to fund Newcastle container terminal

The federal government has labelled the Morrison government's plans to spend $250million to establish a container terminal at the port of Newcastle as a 'cruel hoax', as it comes under pressure to financially support the project.

Newcastle Herald

Why is petrol so expensive in Australia? And when will petrol costs go down?

Dreaming of taking a long drive this weekend? Even with the government halving the fuel excise to 22 cents a litre, petrol prices are still high. So what's going on?

ABC News

Court Penalizes Samsung Australia For Misleading Smartphone Ads

A court penalized Samsung Electronics Co, Ltd's (OTC:SSNLF) Australian unit A$14 million ($9.65 million) for nine misleading advertisements regarding a water-resistance feature in some of its smartphones, Reuters reports citing Australia's competition regulator. Between March 2016 and October 2018, Samsung Australia ran advertisements showcasing the water-resistant feature, making them ideal for pools or sea…

Benzinga

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Samsung agrees to pay $14m penalty over misleading Galaxy ads

Federal court approves settlement between Australia’s competition watchdog and tech company over phones marketed as water-resistant

The Guardian - AU

Samsung Australia fined $14m over misleading water resistance claims

Samsung Australia has been ordered to pay $14 million in penalties after it admitted to misleading customers about its products water resistance.

The New Daily

Mobile internet prices will rise if Telstra-TPG tie-up goes ahead, experts warn

Australians could be charged more for their mobile internet if a proposed partnership between Telstra and TPG is approved by the consumer watchdog.

The New Daily

Australian consumer and energy watchdogs to probe alleged energy market gaming

Findings to be disclosed at national energy ministers meeting in July

Newcastle Herald

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Fake Twitter accounts for new senator suspended – as it happened

This blog is now closed

The Guardian - AU

Button battery safety standards come into effect next week, nine years after first child death

Consuming button batteries causes an internal chemical reaction that can kill. New standards will ensure consumer goods have secure compartments to limit children's access.

ABC News

Hunter united: Region's MPs combine to support Newcastle container terminal

The Hunter's state and federal MPs have rallied across the political divide in an unprecedented show of support for the establishment of a Newcastle container terminal.

Newcastle Herald

Australia’s consumer watchdog launches legal action against Airbnb for alleged misleading prices

ACCC is seeking compensation for Australian customers who were unknowingly quoted and charged accommodation prices in USD

The Guardian - AU

Airbnb sued by ACCC for allegedly misleading customers about accommodation prices

Australia's competition regulator is suing Airbnb for allegedly misleading consumers on pricing for accommodation. The ACCC said 2000 people made complaints to Airbnb about the conduct and there were numerous complaints on social media.

ABC News

Aussies Lost $81.5 Million to Crypto Scams This Year: ACCC

Australians lost over $AUD 113 million ($81.5m) to cryptocurrency scams between January 1 and May 1 this year, the Australian Competition and Consumer Commission (ACCC) on Monday said. According to ACCC, Australians lost a total of $AUD 205m ($148m) to various scams this year, a 166% increase compared to the…

Benzinga

Airports still made money during pandemic

The competition watchdog says it is monitoring airport profit margins after three of the country's four largest made a profit during COVID-19 lockdowns.

AAP

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ABC News

Calls for competition watchdog to step up policing as energy crisis sparks price gouging fears

A leading Australian energy lawyer says big power providers are facing increased scrutiny from the competition watchdog amid concerns a shake-out of the industry could lead to price gouging.

The New Daily

Explained: Why Australia’s gas prices are so high

Australia’s energy crunch has turned downright nasty this week as retailers begin to pass on huge spikes in gas and power prices.

The New Daily

Alan Kohler: We all lose when monopolists prosper

The role of government is to correct the tendency towards monopoly and inequality through regulation, but they have been falling down on the job.

The Conversation

High childcare fees, low pay for staff and a lack of places pose a huge policy challenge

Cheaper childcare was Labor’s largest single election promise, at an estimated cost of A$5.4 billion a year. Anthony Albanese went so far as to outline universal childcare as one of his new government’s three main policies for economic reform.

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AAP

ACCC sues Mastercard over retailer deals

The ACCC alleges Mastercard entered into agreements with more than 20 major retail businesses that hindered competition by deterring them from using eftpos.

The Guardian - AU

Deliberate ploy: whistleblowers reveal why Facebook’s Australia news ban included non-news sites

Employees within Meta say the move amid the standoff with the Morrison government was no accident

The Guardian - AU

Meta asks to be spared tighter rules in Australia, saying iPhone’s tracking blocker is hurting business

Company tells consumer watchdog it is set to lose $10bn this year in wake of Apple iOS feature hampering ability to collect user data

The New Daily

‘Excessively high’: NBN Co plan to hike internet prices stirs controversy

Australians would face higher internet bills over the next decade under plans to jack up broadband prices to recoup huge NBN cost blowouts.

ABC News

Biggest chicken processors to fix unfair contracts with farmers after ACCC investigation

Chicken growers say they have been struggling under exploitative contracts with the country's biggest chicken processing companies, but now the ACCC has convinced companies to make contracts fairer.

The Conversation

When self-driving cars crash, who's responsible? Courts and insurers need to know what's inside the 'black box'

The first serious accident involving a self-driving car in Australia occurred in March this year. A pedestrian suffered life-threatening injuries when hit by a Tesla Model 3 in “autopilot” mode.

The New Daily

Regional airline Rex axes routes as competition for passengers heats up with Qantas

Competition between Qantas and Rex is heating up, with the regional airline pulling out of two routes that it says have become "unviable".

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