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Media release

Dominique Grubisa and DG Institute in court for alleged misleading representations

The ACCC has commenced proceedings in the Federal Court against Master Wealth Control Pty Limited, trading as DG Institute, for allegedly making false or misleading representations about the Real Estate Rescue program and the Master Wealth Control program DG Institute offered to consumers, in breach of the Australian Consumer Law.

Media release

ING Bank pays penalties for alleged breaches of Consumer Data Right Rules

ING Bank (Australia) Limited has paid penalties totalling $53,280 for allegedly failing to comply with Consumer Data Right (CDR) Rules and making a false or misleading representation to consumers, after the ACCC issued it with four infringement notices.

Media release

Smaller telcos gain as wholesale broadband market slows

Smaller broadband providers continued to increase their share in the NBN wholesale market and expand their presence across the NBN in the September quarter 2022, the ACCC’s latest NBN Wholesale Market Indicators Report reveals.

Update

ACCC grants interim authorisation to eRx Script Exchange Pty Ltd

The ACCC has granted interim authorisation to enable eRx Script Exchange Pty Ltd (eRx) to amend its revenue sharing arrangement with IP MDS Pty Ltd (MDS) to facilitate the entry of a third provider of electronic pharmacy prescription exchange systems, and allow for the sharing of costs required to establish new and enhanced IT infrastructure.

Media release

iSignthis refused Consumer Data Right accreditation

The ACCC has refused Consumer Data Right (CDR) accreditation to iSignthis Australia Pty Ltd (iSignthis), as the ACCC was not satisfied iSignthis would be able to comply with the obligations of an accredited data recipient under the CDR Rules.

Media release

Fowler Homes admits using unfair contract terms preventing negative reviews

Residential home building company Fowler Homes Pty Ltd has admitted that its standard home building contract contained unfair contract terms and has undertaken not to enforce the terms of concern to the ACCC.

Media release

Petrol prices fell in the September quarter for the first time in almost two years

For the first time in almost two years, average retail petrol prices in Australia’s five largest cities fell in the latest quarter, dropping by 10.3 cents per litre (cpl) from the June quarter 2022 to 177.7 cpl in the September quarter 2022, the ACCC’s latest quarterly petrol monitoring report says.

Media release

ACCC begins ANZ, Suncorp merger authorisation review

The ACCC today commenced its formal consideration of ANZ Banking Group’s proposed acquisition of the banking arm of Suncorp. The ACCC received the merger authorisation application on Friday 2 December.

Media release

Stevedores' profits surge during pandemic supply chain disruptions

The operating profit margin of Australia’s container stevedoring industry has increased by 14 percentage points since the start of the COVID-19 pandemic to the highest level observed since the Patrick and DP World duopoly ended about a decade ago, the ACCC’s Container Stevedoring Monitoring Report 2021-22 reveals.

Media release

Endeavour's proposed acquisition of Beachfront Hotel raises preliminary concerns

The ACCC has outlined preliminary competition concerns with Endeavour Group Limited’s (ASX:EDV) proposed acquisition of the Beachfront Hotel in Rapid Creek, just north of Darwin, in a statement of issues published today.

Media release

Court dismisses ACCC case against Google

The Federal Court has dismissed the ACCC’s case, finding that Google LLC (Google) did not mislead Australian consumers when it published an on-screen notification to Australian users, and changed its privacy policy to expand the scope of its use and collection of personal data.

Media release

BlueScope attempted to induce steel price fixing agreements

In civil cartel proceedings brought by the ACCC, the Federal Court has found that BlueScope Steel Limited and its former general manager of sales and marketing, Mr Jason Ellis, engaged in cartel conduct in relation to the supply of flat steel products in Australia.

Media release

Consumers pay more for NBN plans while service levels remain largely unchanged

The price of NBN home broadband services increased for consumers in 2021-22 while NBN Co’s own service standard measurements remained largely unchanged over the same period, the ACCC’s latest Communications Market Report shows.

Media release

Bloomex in Court for allegedly misleading online advertising

The ACCC has commenced proceedings in the Federal Court against Bloomex for allegedly publishing misleading online star ratings and price representations.

Media release

Record harvest leads to increase in bulk grain exporters

Australia’s bulk grain exports were 40.6 million tonnes for 2021–22, and exceeded the previous season’s record by 22 per cent, according to the ACCC’s most recent Bulk grain ports monitoring report published today.

Media release

Oil and gas services company Qteq in court for alleged cartel conduct

The ACCC has today filed civil cartel proceedings in the Federal Court against mining equipment and technology services company Qteq Pty Ltd (Qteq) and its executive chairman, Simon Ashton.

Media release

Woolworths' proposed acquisition of SUPA IGA Karabar raises preliminary competition concerns

The ACCC has outlined preliminary competition concerns with Woolworths’s (ASX:WOW) proposed acquisition of the independent supermarket operating as SUPA IGA in Karabar, and co-located liquor store operating as Liquor Boss, in a statement of issues published today.

Media release

Electricity retailers under pressure as contract markets tighten and prices rise further

Smaller electricity retailers are finding it harder to manage their exposure to high and volatile wholesale electricity prices, and declining competition in the retail market could further increase energy prices for consumers and businesses, the ACCC warns in its latest Electricity Market Inquiry Report.

Media release

Uber to pay $21m for misleading representations about Uber Taxi fares and cancellation fees

The Federal Court has ordered ridesharing platform Uber to pay a penalty of $21 million after Uber admitted it had engaged in misleading or deceptive conduct and made false or misleading representations to consumers in its app and on its website, in proceedings brought by the ACCC.

Media release

Telstra in court for alleged misleading representations about Belong broadband speed

The ACCC has instituted Federal Court proceedings against Telstra for allegedly making false or misleading representations about upload speed to residential broadband customers of its cheaper brand, Belong.

Media release

Feedback sought on ways to smother fire risks linked to lithium-ion batteries

The ACCC is seeking input on ways to reduce the significant fire and safety risks associated with lithium-ion batteries, which can overheat or explode, particularly when used, charged or stored incorrectly.

Media release

Strong demand for flying pushes up airfares ahead of Christmas holidays

Domestic airfares have soared well above pre-pandemic levels, and the extra revenue from more expensive flights has led Australia’s three airline groups to forecast a profitable financial year after three years of significant losses, the ACCC’s latest Airline Competition in Australia report reveals.

Media release

Australians receiving broadband retailers' advertised download speeds more often

Broadband retailers are more regularly meeting or exceeding their advertised speed claims for NBN fixed-line plans during busy evening hours, the ACCC’s latest Measuring Broadband Australia (MBA) report shows.

Media release

Compare the Market's proposed acquisition of iSelect not opposed

The ACCC will not oppose Innovation Holdings Australia Pty Ltd’s (IHA) proposed acquisition of iSelect Limited (ASX:ISU).

Media release

Health funds continue to return profits to meet COVID-19 commitments

Health insurers have handed back to policyholders about $2.1 billion of the profits they gained from a reduction in claims between the start of the pandemic and 30 June 2022, the ACCC’s latest report into the private health insurance industry has found.

Dominique Grubisa and DG Institute in court for alleged misleading representations

ING Bank pays penalties for alleged breaches of Consumer Data Right Rules

Smaller telcos gain as wholesale broadband market slows

ACCC grants interim authorisation to eRx Script Exchange Pty Ltd

iSignthis refused Consumer Data Right accreditation

Fowler Homes admits using unfair contract terms preventing negative reviews

Petrol prices fell in the September quarter for the first time in almost two years

ACCC begins ANZ, Suncorp merger authorisation review

Stevedores' profits surge during pandemic supply chain disruptions

Endeavour's proposed acquisition of Beachfront Hotel raises preliminary concerns

Court dismisses ACCC case against Google

BlueScope attempted to induce steel price fixing agreements

Consumers pay more for NBN plans while service levels remain largely unchanged

Bloomex in Court for allegedly misleading online advertising

Record harvest leads to increase in bulk grain exporters

Oil and gas services company Qteq in court for alleged cartel conduct

Woolworths' proposed acquisition of SUPA IGA Karabar raises preliminary competition concerns

Electricity retailers under pressure as contract markets tighten and prices rise further

Uber to pay $21m for misleading representations about Uber Taxi fares and cancellation fees

Telstra in court for alleged misleading representations about Belong broadband speed

Feedback sought on ways to smother fire risks linked to lithium-ion batteries

Strong demand for flying pushes up airfares ahead of Christmas holidays

Australians receiving broadband retailers' advertised download speeds more often

Compare the Market's proposed acquisition of iSelect not opposed

Health funds continue to return profits to meet COVID-19 commitments

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