Petrol prices in Australia’s five largest cities (Sydney, Melbourne, Brisbane, Adelaide and Perth) fell sharply at the end of last year, hitting lows not seen since August 2017.
Café, restaurant and take away food services industries will be the target of the ACCC’s next round of Franchising Code compliance checks.
The ACCC has responsibility for regulating the Franchising Code of Conduct in Australia, which includes conducting an active compliance check program.
“The ACCC receives more franchising code related reports from café, restaurant and take-away food franchisees than any other sector, and for this reason franchisors operating in this sector will be the target of our next round of checks” Deputy Chair Mick Keogh said.
Australia’s largest ever recall is nearly two thirds progressed with 2.8 million faulty Takata airbags replaced with around 1 million still outstanding.
More than 70 per cent of all affected airbag inflators have been replaced nationally since the Federal Government put manufacturers on notice in February last year.
“Despite good progress, both motorists and car manufacturers shouldn’t become complacent,” ACCC Deputy Chair Delia Rickard said.
“If you receive a letter or call from your car’s manufacturer, don’t delay or ignore it.”
With Google and Facebook transforming the way consumers communicate, access news and view advertising online, it is critical that governments and regulators consider the potential issues created by the concentration of market power and the broader impacts of digital platforms.
The preliminary report, published today, contains 11 preliminary recommendations and eight areas for further analysis as the inquiry continues.
The Federal Court has ruled that the encapsulation in Australia of imported fish oil and Vitamin D by Nature's Care Manufacture Pty Ltd (Nature’s Care) would not permit the capsules to be labelled ‘Made in Australia’ under the Australian Consumer Law’s (ACL) Country of Origin labelling provisions.
“The ACCC is pleased that the approach of the Federal Court is consistent with the guidance the ACCC has given industry about country of origin labelling,” ACCC Deputy Chair Mick Keogh said.
ACCC Chair Rod Sims addresses the RBB Economics Conference regarding the economic foundations of competition law, including the history of competition law, recent challenges to the consumer welfare standard, and the hipster antitrust movement.