Media

ACCC finalises regulation of non-NBN high-speed internet services

The Australian Competition and Consumer Commission has finalised its decision on the regulation of high-speed internet services supplied by non-NBN fixed line networks.

The networks largely supply high-speed internet services in new housing estates and apartment buildings in central city locations. In many areas they supply internet services where the NBN does not offer services and provide customers in these areas with a limited choice of retailers of internet services.

ACCC contempt action results in jail sentence for director

The Federal Court has sentenced the former company director of a parcel distribution business for 'Heartlink' branded products, Laurence Hann, to five months imprisonment for failing to comply with court orders made against him in May 2012, following ACCC action for contempt of Court.

The court found Mr Hann in contempt of court and ordered him to serve two weeks of the five-month sentence with the remainder suspended. The court also ordered Mr Hann to pay the ACCC’s full costs.

Businesses lost an average of $10,000 to scams in 2016

Nearly 6000 businesses reported being targeted by scams in 2016 according to the Australian Competition and Consumer Commission’s Targeting Scams report, with losses totalling around $3.8 million, an increase of almost 31 per cent.

The highest losses were to computer hacking, fake investment schemes and buying and selling scams, according to reports made to Scamwatch over the past year.

ACCC allows SA businesses to jointly purchase electricity

The Australian Competition and Consumer Commission has authorised the South Australian Chamber of Mines and Energy, along with 27 other South Australian businesses, to establish a joint electricity purchasing group for 11 years.

Authorisation will allow the joint buying group to attempt to secure reliable electricity supply arrangements for its members at competitive prices. Together, the group’s total load of 269 MW accounts for around 16 per cent of electricity demand in South Australia and less than one per cent of the National Electricity Market.

Yoogalu and Domestic & General Services give undertakings to ACCC

The ACCC has accepted court enforceable undertakings from Domestic & General Services Pty Ltd (Domestic & General Services) and Yoogalu Pty Ltd (part of the Harvey Norman group of companies) following an industry-wide review of extended warranty selling practices.

“The ACCC has been concerned with the conduct of some retailers overstating the benefits of buying an extended warranty, when consumers have the free protection of consumer guarantees under the Australian Consumer Law (ACL),” ACCC Commissioner Sarah Court said.

ACCCount 1 January to 31 March 2017

ACCCount details the ACCC's activities in the enforcement of the Competition and Consumer Act 2010, merger reviews, compliance actions, adjudication issues, economic regulation and international involvement.