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The Latest Breaking News from ACCC

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

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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

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

The Guardian - AU

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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".

ABC News

‘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.

The New Daily

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.

ABC News

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 Guardian - AU

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.

The New Daily

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

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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.

ABC News

ACCC says scam calls are increasing. Here's what you can do to avoid them

Those scam calls telling you about your overdue tax bill, promising to help you after your "recent" traffic accident, or an SMS letting you know a parcel has arrived — except you haven't ordered anything online for a while — are increasing.

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ABC News

Inside what happened when Facebook blanked Australian news a year ago

It has been a year since Facebook "blanked" local news. Here's the inside story of what happened, as revealed in documents released under Freedom of Information laws.

The New Daily

‘Extremely concerned’: ACCC calls for reform as gas prices rise

The consumer watchdog has urged the Morrison government to extend a crackdown as falling supply threatens to further raise gas prices for households.

AAP

ACCC ruling to ease WA, NT supply issues

The competition watchdog has given freight companies special permission to co-operate to get groceries into WA and the NT, after supply chains broke down.

ABC News

Basin states agree to support ACCC Murray-Darling Basin water market reforms to regulate brokers and market behaviour

Basin state governments have agreed water brokers should be regulated like real estate agents and financial professionals, as they work toward implementing the ACCC's recommendations.

The New Daily

‘Distraught’: Watchdog probes dodgy Valentine’s Day flower sales tactics

The expensive Valentine's Day flowers you ordered online could be costing you and local businesses more than they're worth.

ABC News

George Christensen claims a new study found ivermectin has anti-viral properties. But that's not the full story

Nationals backbencher George Christensen this week shared a new Japanese study which he said proves ivermectin has "anti-viral" properties. But that's not the full story.

The New Daily

‘Very difficult to justify’: Watchdog slams major retailers for price gouging on rapid antigen tests

Major retail chains BP and IGA have been named and shamed by the consumer watchdog for ripping off shoppers with exorbitant rapid antigen test (RAT) prices.

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