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The Latest Breaking News from ACCC

Stamp price hike to cost Aussies a cup of coffee a year

The price of stamps will increase by 30 cents to $1.50, costing the average Australian who sends 15 small letters an extra $4.50 a year.

AAP

Households struggle in face of increasing grocery costs

Australians are feeling the pinch from "sharp increases" in living costs amid rising grocery prices, a national consumer survey shows.

AAP

Canberra hit hard on fuel prices again

But there's some good news for diesel vehicle owners.

The Canberra Times

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Morning Mail: Push to outlaw mega donations, Trump’s money woes, social media giants put on notice

Independents want to outlaw large gifts of more than $1.5m; eSafety commissioner issues notices about terror material

The Guardian - AU

Central bank not ruling out further hikes – as it happened

This blog is now closed.

The Guardian - AU

Question time interrupted by Gaza protesters – as it happened

This blog is now closed.

The Guardian - AU

Greens slam cost of living inquiry as Liberal ‘free-market propaganda’ exercise

There’s a wealth of cost of living inquiries at the moment. One, due to report in two months, has descended into a political showdown.

Crikey

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Competition watchdog to call for power of mandatory disclosure in investigations

ACCC chief Gina Cass-Gottlieb wants legislation changed to enable it to force businesses to give up data without the need for government backing

The Guardian - AU

Fashion retailer sued over 'frustrating' parcel delays

The owner of Katies, Rivers and Noni B has said it will defend a "flawed" lawsuit brought by the consumer watchdog over the alleged slow delivery of parcels.

AAP

I contacted my bank to report a scam purchase. Why didn’t it cancel the transaction?

You’ve done all the right things since being scammed, writes Australian consumer law and policy professional Kat George. But there are a few more steps you can take to protect yourself and others

The Guardian - AU

Woolworths’ Outgoing CEO Will Receive A Payout Of Up To $24 Million Just For Retiring

Woolworths' outgoing CEO Brad Banducci could receive up to $24 million as his "golden handshake" for retiring as CEO.

Pedestrian.tv

Keating redux: Competition is having a moment with politicians, but powerful enemies are gathering

While politicians might now be talking about competition, there’s a powerful constituency that prefers things just as they are, thanks.

Crikey

'We're not the Soviet Union': PM on supermarket chains

Australians working for major supermarket chains would lose their jobs if the federal government forced them to break-up, Anthony Albanese says.

AAP

Light-touch competition policy hasn’t helped Australian mortgage holders. It’s time to get tough

Acquisitions such as ANZ’s of Suncorp should be presumed to be anticompetitive until proven otherwise

The Guardian - AU

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Top News

Australia Regulator Warns ANZ, Suncorp Buyout Not Approved

ACCC warns against assuming approval of ANZ's buyout of Suncorp's insurance arm. Ongoing monitoring to protect competition and consumer interests in the Au...

AAP

ANZ, Suncorp welcome takeover approval as ACCC reflects

ANZ's proposed $4.9 billion takeover of Suncorp's banking arm will proceed after a tribunal found it would not lessen competition but would benefit consumers.

Crikey

Bob Katter says it’s illegal for Australian businesses to refuse his $50. That’s false

When parliamentary cafe staff told Katter cash wasn’t accepted, the MP said, ‘No, no, no, I will stand here and you’ll accept this legal tender. If you don’t you’re breaking the law.’

AAP

Mazda fined $11.5m for misleading buyers on faulty cars

One of Australia's most popular car brands has been fined $11.5 million for misleading nine customers about their rights to refunds or replacement cars.

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AAP

Soft landing for airfares but cancellations hang around

Domestic flights are cheaper but staffing shortages mean delays and cancellations are still above average.

The Guardian - AU

For corporations, greed is good – so how can Australia really tackle price gouging?

Restoring wages, breaking up dominant firms and more extensive price regulation are all ways we can make an economy that serves people, not profits

Pedestrian.tv

Your 5-Min Explainer On The Coles & Woolies Price Inquiry — And What It All Means For You

Coles and Woolworths have made their initial submissions to the Senate Inquiry Into Supermarket Prices, as the government works to tackle the seemingly endless increases to our grocery bills.

Crikey

Dutton fiery in Ferguson clash

The opposition leader accuses the ABC of left-wing bias (again), new IR reforms mean you can ignore your boss after work, and Human Rights Commission staff take a stand on Israel.

Crikey

Profiteering is driving inflation, says former ACCC head. And here’s the hard evidence

Want evidence that inflation is caused by price-gouging corporations? Allan Fels has it in spades.

The Guardian - AU

Booking.com scams surge 580% with hundreds of thousands of dollars in losses, ACCC says

Travel website says some accommodation partners targeted by phishing emails but its backend systems have not been breached

Crikey

Why won’t Woolies’ shareholders defend it against Dutton’s culture war?

Many corporations in the big end of town own huge swaths of Woolworths, but instead of loud and proud support it got crickets.

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