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The Latest Breaking News from ACCC

Fuel is set to jump 25 cents this month and the European energy crisis could push diesel prices even higher, economist says

Fuel prices are set to jump by 25 cents a litre later this month — but the European energy crisis could send the price of diesel fuel even higher, says an energy economist.

ABC News

Billions lost as online and telephone scams hit vulnerable victims hardest

Many of the victims of online and phone scams are those people least able to cop a further slap in the face, Madonna King writes.

The New Daily

ACCC eyes airlines as prices soar and service standards fall, with Jetstar a standout

The horror stories of stranded Jetstar passengers and continually canceled flights come as new data reveals Australians are suffering under soaring airfares and the worst airline service standards on record.

The New Daily

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Qantas customer complaints under investigation as ACCC says airline not ‘realistic’ about flights it could serve

Consumer watchdog says cancellations at record levels outside of pandemic and predicts more travel chaos at Christmas

The Guardian - AU

Airfare increase the highest in a decade and flights fuller than ever, ACCC report warns

The price of a discount domestic ticket has risen by 56 per cent since late 2020, and flights are fuller than ever, according to the consumer watchdog.

ABC News

Losses from ‘heart-wrenching’ puppy scams increase 1,000% over last two years

Australian consumer group Choice says people more vulnerable to being ripped off with fake dogs and cats during Covid pandemic

The Guardian - AU

Competition watchdog ordered to monitor fuel retailers ahead of return to full fuel excise

As the end of a temporary halving of Australia's fuel excise draws near, the ACCC is ordered to watch for fuel retailers seeking to take advantage of the hike.

ABC News

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Petrol price rises to further hit budgets

Regulators will watch for abnormal price hikes as motorists prepare to pay an extra 25c per litre for fuel when the excise returns to full later this month.

AAP

Consumer watchdog will crack down on petrol price gouging when tax cut ends, Labor says

Federal government also confirms pension and jobseeker will rise 4% in line with consumer price index, as parliament returns

The Guardian - AU

Google trials new payment options for Android users after pressure from regulators across world

Pilot to let some app developers offer options outside Google’s Play payment system in Australia, Europe, India, Indonesia and Japan

The Guardian - AU

Large firms are consolidating power like Scott Morrison consolidates jobs – and it’s hurting productivity

In a speech today, the assistant minister for competition, Andrew Leigh, will point the finger at big business over the inflation crisis

The Guardian - AU

Scam targeting mothers defrauds hundreds of at least $2.6 million by 'tugging at heartstrings'

An Adelaide mother who lost more than $5,000 to fraudsters impersonating her son shares her experience in an effort to warn others who might be vulnerable to the same deception.

ABC News

Labor prepares trigger if gas falls short

Resources Minister Madeleine King says regulations are now in place to enable her to use the gas trigger next year to deal with any shortfall in supply.

AAP

Santos rejects ACCC gas shortage fears

Santos boss Kevin Gallagher has dismissed fears of an east coast gas shortage next year, and warned of concern among LNG customers and investors in Asia.

AAP

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ABC News

Drivers warned about toll road text scam as Aussies lose record amount

A Gold Coast woman issues a warning to drivers after $4,000 was charged to her credit card by text message scammers posing as toll road operator Linkt.

AAP

Bingo pleads guilty in waste cartel case

Bingo Industries faces fines of $10 million or more after pleading guilty to criminal cartel offences over demolition waste services offered in Sydney.

ABC News

Senex Energy announces plans for a $1 billion expansion of its Surat Basin gas project

Advocates of a $1 billion expansion of Senex Energy's Surat Basin gas development say the "mostly domestic" supply will reduce energy prices in coming years, but not everybody is convinced.

ABC News

Gas users and experts call for federal crackdown on east coast 'gas cartel'

Surging gas prices are putting a strain on Australian businesses that are calling for governments to step in and take action.

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ABC News

Northern Territory opposition calls for petrol price inquiry, with prices per litre 30 cents higher than in other states

Petrol prices in Darwin are still up towards the $2 mark, despite recent drops in other states, and the pain at the pump is even worse in Alice Springs.

The New Daily

‘Dudded’: ACCC calls for action as Australians suffer stagnating NBN upload speeds

Australians are being "dudded" by stagnating NBN upload speeds far below the top rates advertised in their internet plans, new data reveals.

The Conversation

Avoiding a gas shortage is one thing, but what's needed is action on prices

The Albanese government has accepted the Australian Competition and Consumer Commission’s recommendation to “initiate the first step” to trigger the controversial Australian Domestic Gas Security Mechanism to avert a supply crisis in eastern Australia.

The New Daily

Alan Kohler: Labor must abandon the Stage 3 tax cuts. Big government must be funded

Relying on central banks to support growth by printing money is clearly not viable because of what that does to inequality. Government will have to step up.

Newcastle Herald

Gas industry needs to convince government and public on price and supply questions

Gas resources vital to national interest

The Conversation

The 'gas trigger' won't be enough to stop our energy crisis escalating. We need a domestic reservation policy

Australia’s east coast gas crisis is set to sharply worsen. A new report from the Australian Competition and Consumer Commission (ACCC) notes supply conditions will deteriorate significantly in 2023 if no action is taken. The 56 petajoule shortfall is huge – equivalent to around 10% of domestic demand.

The New Daily

‘War profiteering’: Government flags gas crackdown after scathing ACCC report

Gas companies making billions of dollars in windfall profits by exporting Australian gas overseas could soon be reined in by the federal government.

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