Displaying items by tag: Australian Competition and Consumer Commission (ACCC)

The competition regulator the ACCC will continue to closely monitor domestic airfares on services between metropolitan cities following Rex’s withdrawal from this market.

The Federal Court has today ordered that Secure Parking Pty Ltd pay $10.95 million in penalties for making false or misleading claims about its pre-book “Secure-a-Spot” online parking service, following ACCC action.

The ACCC is investigating the safety of aftermarket children’s car seat head straps and baby bottle self-feeding devices, after the Assistant Treasurer issued Safety Warning Notices for each of the products.

The competition watchdog, the ACCC, has issued a draft determination proposing to grant authorisation with conditions to the Australian Banking Association (ABA), its member banks, and other industry participants to facilitate business continuity planning in the cash in transit industry.

While improved transparency has lowered costs for Australian consumers who send money overseas, consumers are still missing out on over $200 million in potential savings, according to the competition regulator, the ACCC.

The Federal Court has today ordered Master Wealth Control Pty Ltd (DG Institute) to pay $5 million in pecuniary penalties for making false or misleading representations to consumers in the promotion and sale of two education programs called Real Estate Rescue (RER) and Master Wealth Control (MWC), and to pay consumer redress totalling $14.7 million to students enrolled in the MWC program.

Davie Clothing Pty Ltd, supplier of the popular loungewear brand ‘Oodie’, has paid $101,280 in penalties for allegedly failing to comply with a mandatory product safety standard.

The competition regulator, the ACCC has published a draft guide designed to help businesses understand the competition law risks that may arise when contemplating working together to achieve positive environmental outcomes.

The ACCC response to the latest draft of the Telecommunications Consumer Protections (TCP) Code validates “long-held consumer concerns” about the suitability of self-regulation to protect telecommunications consumers, according to the peak body for consumer representation in communications.

The ACCC has granted interim authorisation to allow the Australian Banking Association (ABA), banks and retailers to provide financial contributions to cash-in -transit business Armaguard.

The ACCC has accepted undertakings from Telstra and Optus as part of its ongoing competition investigation into Google’s search services in Australia.

Median effective electricity prices for residential customers across all regions grew by 14 per cent between September 2022 and September 2023, according to the latest electricity report from the competition regulator.

Electricity retailer M2 Energy Pty Ltd, trading as Dodo Power & Gas (Dodo) paid $82,500 in penalties after the ACCC issued six infringement notices to Dodo for alleged contraventions of the Electricity Retail Code of Conduct (the Code). Dodo has also provided an enforceable undertaking to the ACCC in which it has admitted it contravened the Code.

The competition watchdog, the ACCC, has approved NBN Co’s proposed Accounting Procedures with “reasonable changes”.

The ACCC has published a Statement of Issues outlining its preliminary competition concerns with Icon Group’s proposed acquisitions of leases at St Andrew’s Ipswich Private Hospital in Queensland, St Vincent’s Private Hospital Northside in Chermside, Queensland and St John of God Geelong Hospital in Victoria.

The Federal Court has ordered Delta Building Automation Pty Ltd to pay a penalty of $1.5 million for attempting to rig a tender at the National Gallery of Australia, in proceedings brought by the competition watchdog, the ACCC.

The ACCC has granted authorisation with conditions to the Australian Banking Association (ABA) - the customer owned banking association - banks, retailers and other industry participants to allow them to continue developing responses to support the distribution of cash across Australia.

LG Energy Solution has provided an enforceable undertaking to the competition watchdog, the ACCC, that it will increase its efforts to alert and protect consumers from faulty LG solar storage batteries which can overheat and catch fire without warning.

The ACCC has instituted proceedings in the Federal Court against Clorox Australia Pty Ltd, the manufacturer of GLAD-branded kitchen and garbage bags, for allegedly making false or misleading representations that certain kitchen and garbage bags were partly made of recycled ‘ocean plastic’, in breach of the Australian Consumer Law.

The Federal Court has found that Master Wealth Control Pty Ltd, trading as DG Institute breached the Australian Consumer Law, and that its sole director Dominque Grubisa was “knowingly concerned in the contraventions”, in proceedings brought by the competition watchdog, the ACCC.