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The Latest Breaking News from ACCC

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

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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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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.

ABC News

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.

AAP

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.

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.

ABC News

‘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 New Daily

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 Conversation

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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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ABC News

Gas producers warned to prove they have domestic supplies for next year, or face 'gas trigger' export restrictions

Gas producers are told to prove there will be enough supply for the domestic market next year, or face the threat of export restrictions.

ABC News

Rooftop solar panels, costing thousands of dollars, deemed fire hazard

Ricky Barone installed a solar system on his roof in 2014. Since then, it has cost him thousands of dollars and years of sleepless nights. So, who's responsible?

ABC News

Live updates: Ukraine hit by 'most brutal' strike in war, Kate Middleton's yacht race and Star Trek icon Nichelle Nichols dies — as it happened

Here's your quick catch-up for this morning's news.

AAP

Government acts to boost local gas supply

The competition watchdog has forecast a gas shortfall in the east coast market next year if excess supply is exported, leading to action by the government.

The Guardian - AU

Australia facing ‘alarming’ gas shortfall in 2023 as ACCC urges producers to keep supplies onshore

Treasurer concerned after watchdog report warns of ‘substantial risk’ to nation’s energy security

ABC News

With fake photographs of fully-furnished homes, scammers target renters who are desperate to secure housing

Scammers are taking advantage of hundreds of people who are struggling to find affordable housing in the tight rental market, with the consumer watchdog reporting an increase in real estate scams during the pandemic.

ABC News

Federal government settles dispute between ACCC and construction union for more than $1 million in legal costs

The federal government ends a long-running battle between Canberra's construction union and the Australian Competition and Consumer Commission (ACCC) over a failed prosecution, with a settlement of more than $1 million for legal costs.

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