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The Latest Breaking News from the Australian Competition and Consumer Commission

Woolworths reports 16% jump in profits as ACCC prepares legal action over ‘illusory’ discounts

Earnings report released on Wednesday shows supermarket made $859m net profit in past six months as higher prices hit shoppers

The Guardian - AU

Price gouging ban will drive up costs: supermarkets

Lower grocery bills are being promised with a price gouging ban but supermarket giants and retailers say shoppers will be the ones to bear the brunt of costs.

AAP

Microsoft sued for allegedly misleading millions of Australians with its AI pricing

Tech giant faces hefty fines from consumer watchdog for allegedly trying to convince customers to pay more than needed for their Microsoft 365 subscription

The Guardian - AU

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Banned by AI bots: fresh call for social media referee

Artificial intelligence software is incorrectly banning social media accounts but without an ombudsman, many struggle to reclaim their profiles.

AAP

1400 batteries in a day: Aussies soak up solar subsidy

Australia could double the number of household solar batteries installed in a year, figures reveal, as consumers rush to take advantage of a subsidy.

AAP

Banana Boat & Hawaiian Tropic Sunscreens Sued By ACCC For Alleged Greenwashing

The Australian Competition and Consumer Commission (ACCC) has accused Banana Boat and Hawaiian Tropic of greenwashing in its products.

Pedestrian.tv

How Bupa Health Insurance 'Duped' Thousands Over Medical Claims – Were You Affected?

CEO Stone said that the company had prioritised communication and compensation for those affected, and has introduced measures to prevent similar mistakes in future.

International Business Times UK

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Popular sunscreens accused of greenwashing by ACCC over ‘reef-friendly’ claims

Consumer regulator claims owner of Hawaiian Tropic and Banana Boat misled consumers but company stands by products

The Guardian - AU

Groceries are getting more expensive at Woolworths but cheaper at Coles, report finds

Choice price tracker finds cost of shopping at Aldi barely changed between March and December 2024 in quarterly assessment of 14 common items

The Guardian - AU

Your fuzzy flannel pyjamas could be incredibly flammable – here’s what to know

Last year, the Australian Competition and Consumer Commission (ACCC) issued at least nine recall notices on products that didn’t comply with the mandatory standard for nightwear for children. All of these items posed a fire hazard, but didn’t have the required labelling.

The Conversation

Star shares plunge to all-time low; hundreds of dead mackerel off WA coast – as it happened

Shares in Star Entertainment plunged by more than 19% to an all-time low of 10.5 cents

The Guardian - AU

Call for states to fire up new gas to avoid shortfall

Federal Labor has been urged to reverse "anti-gas policies" with structural shortfalls forecast from 2027 and Australians still under the pump on energy bills.

AAP

Woman with intellectual disability who Optus allegedly signed up to 24 contracts just one of hundreds in lawsuit

ACCC alleges telco sold hundreds of vulnerable people phones and plans they couldn’t afford, mostly from three stores

The Guardian - AU

Should a big tech tax fund news? A new report reopens debate on platforms and media

Meta’s announcement nearly eight months ago that it would no longer do commercial deals under the News Media Bargaining Code has led to much speculation as to how the government would respond.

The Conversation

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The Guardian - AU

Woolworths and Coles blame suppliers and ‘outbreak of high inflation’ in fake discounts case

Supermarket giants appear in federal court in Melbourne for first time since ACCC launched action over alleged price increases and discount deals

The Conversation

‘Concerning’: ACCC interim report on supermarket inquiry tells of supplier woes and ‘oligopolistic’ market

It hasn’t been a good week for Coles and Woolworths. On Monday, the Australian Competition and Consumer Commission (the national competition regulator or ACCC) announced it was taking legal action against the big supermarkets over alleged misleading pricing claims.

The Conversation

The competition watchdog wants to help businesses work together on sustainability – but it’s forgotten a key part

When businesses work together – for whatever reason – they run the risk of breaching the competition laws enforced by our national watchdog, the Australian Competition and Consumer Commission (ACCC).

The Conversation

Fines of $10 million will force supermarkets to think carefully before exploiting suppliers, but more could have been done

Suppliers of food and other products have been complaining for years about their treatment at the hands of Woolworths, Coles and Australia’s other big supermarket chains, although rarely to the supermarkets themselves – perhaps, as suggested in a recent Four Corners program, because they feared retribution.

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The Conversation

Albanese government will impose mandatory code and big penalties to stop supermarkets treating suppliers badly

Supermarkets guilty of anti-competitive behaviour towards suppliers will face large penalties under a mandatory Food and Grocery Code of Conduct the Albanese government will implement.

The Guardian - AU

The Chemist Warehouse merger is a sideshow – pharmacies are ripe for an ‘Uber’ moment

True competition is hard to find among dispensaries but the government could allow unlimited discounting if it wasn’t worried about a backlash from owners

The Conversation

The Chemist Warehouse deal is a sideshow: pharmacies are ripe for bigger disruption

There’s something curious about the proposed merger between Chemist Warehouse and Sigma Healthcare.

AAP

ACCC flags concerns over $8.8b Chemist Warehouse merger

The Australian Competition and Consumer Commission says it has preliminary competition concerns about the $8.8 billion merger, and is soliciting feedback.

The Conversation

Worried your address, birth date or health data is being sold? You should be – and the law isn’t protecting you

Australians don’t know and can’t control how data brokers are spreading their personal information. This is the core finding of a newly released report from the Australian Competition and Consumer Commission (ACCC).

Newcastle Herald

Call to regulate Port of Newcastle following increase fee hike

Call for Port of Newcastle regulation following fee increases.

The Guardian - AU

Anthony Albanese announces year-long investigation into supermarket prices by ACCC

Prime minister says treasurer Jim Chalmers will direct competition watchdog to conduct 12-month price inquiry into supermarkets

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