Average petrol prices increased by seven per cent in the past three months, hitting a four-year high in real terms of around 145 cents per litre (cpl) in Australia’s largest cities (Sydney, Melbourne, Brisbane, Adelaide and Perth), according to the ACCC’s latest petrol monitoring report.
Faulty products continue to cause serious injury and harm to thousands of Australians, with more than 4.5 million items recalled by suppliers in the 2017-18 financial year.
New figures show at least 10 people a day are injured and require medical attention as a result of unsafe products, according to mandatory reports provided to the ACCC by manufacturers and retailers.
Criminal charges have been laid against the Construction, Forestry, Maritime, Mining and Energy Union (CFMMEU) and its ACT Divisional Branch Secretary, Jason O’Mara, in relation to alleged cartel conduct.
“The CFMMEU and Mr O’Mara are each charged with attempting to induce suppliers of steelfixing services and scaffolding services to reach cartel contracts, arrangements or understandings containing cartel provisions in relation to services provided to builders in the ACT in 2012 to 2013,” ACCC Chair Rod Sims said.
The Federal Court of Australia has declared by consent that Palram Australia and Ampelite Australia engaged in exclusive dealing conduct with the purpose of substantially lessening competition, and has ordered them to pay penalties totaling $5.5 million.
Palram and Ampelite are two of Australia’s largest distributors of polycarbonate roofing (Polycarb) to retail stores under the brands ‘Suntuf’ and ‘Solasafe’. Polycarb is commonly used to build residential pergolas.
The Federal Court has ordered that Aurizon (ASX: AZJ) must continue operating its Queensland intermodal business while the ACCC’s case against Pacific National and Aurizon is heard and determined.
Residential broadband customers continue to shift to higher speed NBN plans, with more than one third of all NBN services now on 50Mbps plans, according to the ACCC’s tenth quarterly Wholesale Market Indicators Report released today.
The report for the quarter ended 30 June 2018 also shows more providers are connecting to more points of interconnection (POIs), increasing competition.
The number of 50Mbps services increased by 47 per cent over the June quarter and nearly 1.5 million customers are now on these high-speed plans, up from just 159,000 in December 2017.