Shops that sell groceries often show a unit price alongside the total selling price of a product. This helps consumers compare prices and find the best value for money.
Businesses are generally able to set their own prices. But they mustn't mislead consumers about what they will be charged or why, and must set prices independently of their competitors.
ACCC Chair Rod Sims addressed the Committee for Economic Development of Australia (CEDA) to discuss the ACCC's enforcement and compliance policies for 2022-23.
Cuts in oil production by the OPEC cartel and other big producers, combined with a pick-up in global fuel demand, led to higher petrol prices in Australia’s five largest capital cities in the March 2021 quarter.
Digital Imaging Express Pty Ltd, trading as digiDirect, has paid $39,240 in penalties after the ACCC issued the company three infringement notices for allegedly misleading consumers about the details of advertised sales in breach of the Australian Consumer Law (ACL).
In June, July and October 2020, digiDirect conducted sales promotions that used the headline statement “X% off storewide”. The promotions were advertised on digiDirect’s website, posted on social media and sent via email to digiDirect subscribers.
The ACCC has issued a final notice rejecting a proposal by Stanley Black & Decker to set a minimum advertised price for Dewalt brand power tools, accessories and attachments.
The ACCC has assessed Stanley Black & Decker’s resale price maintenance notification and concluded that any public benefits that resulted from setting minimum advertised prices for the Dewalt products would not outweigh the likely detriments.
Nearly all businesses removed GST on menstrual products from 1 January 2019, resulting in lower prices, a new report from the ACCC has found.
The ACCC has issued a monitoring report today examining the prices, costs and profits relating to the supply of menstrual products in the feminine hygiene industry in Australia, following a direction from the Treasurer the Hon Josh Frydenberg in November 2018.
The ACCC welcomes businesses implementing the removal of the GST on time and reflecting this with lower prices.
The Federal Court has ordered former Murray Goulburn Co-operative Managing Director Gary Helou to pay $200,000 in penalties for being knowingly concerned in Murray Goulburn’s false or misleading claims about the farmgate milk price it expected to pay dairy farmers during the 2015-16 milk season.
“The penalty imposed against Mr Helou reflects his seniority at Murray Goulburn and involvement in misleading representations about the farmgate milk price,” ACCC Deputy Chair Mick Keogh said.