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The Latest Breaking News from ACCC

‘Concerning’: ACCC interim report on supermarket inquiry tells of supplier woes and ‘oligopolistic’ market

It hasn’t been a good week for Coles and Woolworths. On Monday, the Australian Competition and Consumer Commission (the national competition regulator or ACCC) announced it was taking legal action against the big supermarkets over alleged misleading pricing claims.

The Conversation

Morning Mail: Australia’s ‘oligopolists’, Musk’s Trump funding, and paths to negative gearing reform

Watchdog’s interim report slams Coles and Woolworths for squeezing out competition; Republican ground game paid for by billionaire’s Pac

The Guardian - AU

Aldi reigns supreme as more customers compare grocers

Aldi has prevailed in a second supermarket basket comparison, a process many customers are carrying out before their weekly shop.

AAP

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Inflation may be falling but business’s drive to maximise profits fuelled Australia’s cost-of-living nightmare

A significant reason for the drop in inflation was the federal government’s energy bill relief fund and the rebates in Queensland, WA and Tasmania

The Guardian - AU

Psychological tricks behind supermarket discounts

Marketing experts say supermarkets are hitting on a human bias to buy with little thought when presented with apparent discounts.

AAP

Redditor Seemingly Catches Woolworths Red-Handed With ‘Discount’ Tag Higher Than Regular Price

One Aussie Reddit user has apparently caught Woolworths red-handed with a price tag that doesn't match the discounted tag.

Pedestrian.tv

'Get your act together': PM calls out supermarkets

Coles and Woolworths have been told to start acting in the interests of Australians after the consumer watchdog accused them of misleading customers.

AAP

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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

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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AAP

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.

The Guardian - AU

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

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

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The Conversation

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 Guardian - AU

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 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

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

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