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The Latest Breaking News from Gina CassGottlieb

Strong bank profits a 'positive', says RBA boss

The Reserve Bank governor has defended robust profits made by banks and says higher rates will eventually start eroding their earnings.

AAP

‘Manipulative’: ACCC cracking down on dodgy social media influencers

Australians are being warned to think twice before believing what they see on social media platforms amid dodgy influencer marketing.

The New Daily

ACCC forecasts 2023 east coast gas shortage, despite federal government intervention

The competition watchdog warns committed east coast gas supplies could fall short in 2023 as it calls on providers to release more of their uncontracted supplies.

ABC News

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Gas shortfall concerns downgraded: ACCC

Australia is not out of the woods when it comes to a domestic gas shortfall but there's enough uncontracted supply available to cover the gap.

AAP

Influencer crackdown in full swing as ACCC sweeps social media for hidden ads, undeclared sponsored posts

A cross-platform social media sweep launched this week by the consumer watchdog has already prompted more than 150 tip-offs, mostly in relation to influencers in the fields of beauty, lifestyle, fashion and parenting.

ABC News

ACCC to crack down on misleading influencer endorsements across social media

Consumer watchdog received over 150 tip-offs about influencers who reportedly failed to disclose affiliations with products they were promoting

The Guardian - AU

Government says bill relief is coming

Labor has defended the effectiveness of its gas price cap and says it will stop prices ballooning out of control.

AAP

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Donut King, Michel’s Patisserie owner to pay $10 million in franchisee compo

The behemoth behind franchise chains Michel’s Patisserie and Donut King will pay millions in compensation to franchisees over misconduct.

The New Daily

Major cake shop owner settles, pays $10m

Up to $10 million in debt waivers or repayments will be made to Michel's Patisserie franchisees by the brand owner over allegations it sold loss-making shops.

AAP

Consumer watchdog says $21 million Uber fine sends warning over consumer law breaches

About two million Australians saw the misleading cancellation warning that breached consumer law and led to Uber making changes for users of its rideshare app.

ABC News

‘A sense of urgency’: capping coal prices to reduce power bills would need state support, cabinet told

Exclusive: It is expected Labor will adopt a suite of reforms to address an anticipated 56% increase in electricity prices

The Guardian - AU

Australia’s consumer watchdog calls for new laws to stop scams and rein in anti-competitive behaviour online

ACCC report says digital platforms expose users and businesses to ‘harms’ as it pushes for overhaul

The Guardian - AU

Competition watchdog examining energy market interventions including possible price caps

War-induced price shocks being felt by households and businesses require government to step in, Treasury says

The Guardian - AU

ACCC pushes for tougher gas regulations

The government and the consumer watchdog are assessing several options to rein in soaring gas prices, including a mandatory code for gas retailers.

AAP

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AAP

Childcare cost inquiry details unveiled

The terms of reference for a consumer watchdog inquiry into the childcare system have been revealed.

The New Daily

Google-owned Fitbit sued over refund rights

Google-owned fitness tech firm Fitbit has been dragged to federal court over claims it misled Australians about their refund rights.

AAP

Bingo boss admits waste cartel conduct

The former chief executive of waste management firm Bingo Industries has pleaded guilty to two cartel charges for a price-fixing scheme in Sydney.

ABC News

Information commissioner, ACMA to investigate Optus data hack

Further investigations by the information commissioner and the communications authority are being launched into the Optus cyber attack that affected millions of customers last month.

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The Guardian - AU

ACCC begins ‘greenwashing’ crackdown on companies’ false environmental claims

Boss of competition regulator says scrutiny of climate claims, including over carbon credits, will be an enforcement priority

The New Daily

Privacy watchdog probes Optus compo

Regulators are investigating whether Optus should pay compensation to nearly 10 million customers who had their data stolen.

AAP

Multiple inquiries into Optus data breach

Several investigations are under way following the massive Optus data breach, including one by the Office of the Australian Information Commissioner.

The Guardian - AU

Optus could face millions in fines as two new data breach investigations launched

Media regulator and privacy watchdog announce new probes into telco as ACCC reveals it is being flooded with complaints about Optus-related scams

ABC News

The fuel excise cut has ended. Here is what it means for fuel prices and whether you should fill up with petrol or diesel now

Motorists are being told to prepare for rising fuel prices as the tax cut made six months ago comes to an end. Here's what you need to know.

ABC News

Fuel is set to jump 25 cents this month and the European energy crisis could push diesel prices even higher, economist says

Fuel prices are set to jump by 25 cents a litre later this month — but the European energy crisis could send the price of diesel fuel even higher, says an energy economist.

The New Daily

ACCC eyes airlines as prices soar and service standards fall, with Jetstar a standout

The horror stories of stranded Jetstar passengers and continually canceled flights come as new data reveals Australians are suffering under soaring airfares and the worst airline service standards on record.

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