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The Latest Breaking News from ACCC

Polls have closed in the UK in what’s expected to be a colossal victory for Labour, and the east coast is set to run out of gas by 2027.

Crikey

'Wake-up call': watchdog reignites gas supply warning

Australia's domestic gas market may run into shortfalls as soon as 2027, a year earlier than the competition regulator's last estimate.

AAP

Gas shortfalls for eastern states worse than predicted just months ago, ACCC warns

Projections of shortfalls – and calls for more production – come even as the bulk of gas produced in Australia is exported

The Guardian - AU

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Watchdog warning ends Google deal with Telstra, Optus

Telstra and Optus have agreed to stop accepting payments from Google under deals to pre-install the tech giant's search software as default on their phones.

AAP

Afternoon Update: Democrats worried after poor Biden performance; Nine to cut 200 jobs; and sharp increase in Victorian motorcyclist fatalities

Donald Trump and Joe Biden sparred over abortion and tax policy in the first presidential debate

The Guardian - AU

ANZ’s $4.9 billion Suncorp takeover will now go ahead. Is the government sending mixed messages on business competition?

Two years after the deal was first announced, Treasurer Jim Chalmers has today given the green light for ANZ to acquire the banking arm of Queensland-based insurer Suncorp.

The Conversation

Virtual reality tech, batteries named in safety probe

Battery-powered products and new kinds of consumer gadgets will be closely examined by Australia's consumer watchdog as a top priority.

AAP

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Coles, Woolworths could face billions in fines under Labor’s new supermarket code

The maximum penalty may amount to 10% of a year’s financial turnover, which for Coles and Woolworths could be billions in fines.

Crikey

Australia’s ‘broken’ childcare system blamed for cost-of-working crisis. What needs to change?

With Labor’s more generous subsidies largely eroded by rising fees, many are now pushing for major reform

The Guardian - AU

Win for dudded savers as banks forced to alert changes

A suite of changes to banking regulations should make it easier for customers to move to more competitive home loan and saving account offers.

AAP

ACCC flags concerns over $8.8b Chemist Warehouse merger

The Australian Competition and Consumer Commission says it has preliminary competition concerns about the $8.8 billion merger, and is soliciting feedback.

AAP

Canberra fuel still most expensive in the country, report finds

Drivers are still being bled dry at the fuel bowser.

The Canberra Times

Welcome to the Wild West of data trading, where even your pain level is a commodity

The ACCC’s new report into ‘data firms’ has taken a bold step at probing the infamously unregulated territory of data capture and trading.

Crikey

LG battery recall ramps up as 4400 homes remain at risk

Faulty solar batteries that have caused house fires are still being used in thousands of Australian homes, forcing LG to intensify recall efforts.

AAP

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The Guardian - AU

‘Insidious and unsavoury’: how private debt collectors push vulnerable Australians to breaking point

Victims say they have been subjected to constant phone calls, harassment of friends and family members – and even misleading and false threats

The Guardian - AU

Know your rights: what to do if you receive a call from a debt collector

As the cost-of-living crisis drives more people to financial stress, it helps to understand the rules that cover debt collecting

The Conversation

Worried your address, birth date or health data is being sold? You should be – and the law isn’t protecting you

Australians don’t know and can’t control how data brokers are spreading their personal information. This is the core finding of a newly released report from the Australian Competition and Consumer Commission (ACCC).

Pedestrian.tv

MasterChef Has Been Referred To The ACCC For Its Rather Cooked ‘Renewable Gas’ Sponsorship

The heat is turning up.

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news in one place.

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Newcastle Herald

No port regulation means users pay and keep paying

MONOPOLY POWER: Mining industry warns future customers of hefty fee increases

The Guardian - AU

MasterChef Australia fans being deceived by ‘renewable gas’ campaign, climate advocates tell watchdog

Comms Declare asks ACCC to investigate show sponsor Australian Gas Networks for alleged greenwashing

Crikey

Nine and Seven in a huge fight over a whopping 2,000 newspapers

Two of the biggest players in Australian media have got their gloves off, and it’s on for young and old! But who actually cares?

The Guardian - AU

Nine’s AFR print edition to cease in WA after Seven’s press doubles production price

Seven says decision purely commercial but Financial Review editor accuses rival company of ‘abuse of market power’

Crikey

Greens and Nats unlikely allies when it comes to cracking down on Coles and Woolies

The Nats have said they’re for divestiture powers, putting them at odds with their Coalition partner.

Crikey

Qantas ‘ghost flights’ saga speaks to a bigger problem

The airline’s management has refused to take proper accountability for its misdeeds.

The Guardian - AU

Vanessa Hudson has provided a soft landing for Qantas as the airline cuts deal with ACCC

While the new CEO has stemmed some of the reputational damage of the past, the $120m fine is a clear success for the ACCC

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