Displaying items by tag: ACCC

Middle aged and older Australians suffered the brunt of scams in September with those aged 45 to 54 the hardest hit financially during the month and the aged 65 and over reporting the highest number of scams at 5,642.

The chief of Australia’s competition watchdog, Rod Sims believes that the most hotly debated issue in competition law around the world is whether ex ante regulation of particular digital platforms is needed.

Google's dominance in the advertising technology supply chain is harming both companies and individuals, the ACCC says in a report published on Tuesday.

GUEST OPINION: The pandemic, ongoing lockdowns and tax return time are leading to a perfect scam storm, says Dr Suranga Seneviratne from the University of Sydney’s School of Computer Science, who provides timely advice on how to spot and avoid a scam.

The mains adaptors supplied with two Thuraya satellite phone models has been recalled due to an electrical safety risk.

The ACCC is concerned with plagiarism checker Turnitin’s proposed acquisition of Ouriginal, noting that it will substantially lessen competition in an already highly concentrated market and may lead to higher prices or reduced service levels for the higher education sector.

Australians have lost over $70 million to bogus investment scams in the first half of this year and a massive increase in losses are predicted by the end of the year, according to the consumer watchdog the ACCC.

The competition watchdog the ACCC has granted authorisation for a joint renewable energy purchasing group led by Equinix, where applicants will pool their demand and collectively tender and negotiate to purchase power from a solar or wind electricity generation facility in Australia.

New South Wales residents were the most financially impacted by scams in July, accounting for 37% of the total amount lost in the month.

The competition watchdog the ACCC has granted interim authorisation to allow the Australian Banking Association (ABA) and banks to continue to work together on a variety of existing COVID-19 related relief packages, so they can respond to any further outbreaks as required.

The ACCC said it has instituted separate proceedings in the Federal Court against each of Telstra, Optus, and TPG for making alleged false or misleading representations in their promotions of some 50Mbps and 100Mbps NBN plans, in breach of the Australian Consumer Law.

The majority of money remitters reviewed by the ACCC are now giving consumers the tools they need to easily compare the total price of international money transfers, according to the competition watchdog, the ACCC.

The competition regulator and enforcement agency the ACCC is seeking views on a court enforceable undertaking which has been offered by Industry Committee Administration (ICA), the company representing three Australian payment services providers seeking to merge.

Global customer relationship management (CRM) software provider Salesforce has completed its acquisition of enterprise collaboration platform Slack Technologies.

The media release from the Shadow Ministers today, was yet another example of misguided political point-taking in the overseeing of the NBN.

Security provider Proofpoint notes the massive growth in scams reported in the latest Scamwatch report, drawing attention to the fact that Australian losses to scammers reached 80% of 2020's total in just six months.

Scammers have stolen more than $7.2 million from Australians so far this year by gaining access to home computers, an increase of 184% compared to the same period last year.

The Federal Court has ruled that Epic Games v Apple should be heard in Australia.

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, according to the latest petrol monitoring report from the ACCC.

Six subsidiaries of media firm Nine Entertainment have paid penalties totalling $159,840 after the competition regulator the ACCC issued them with 12 infringement notices for allegedly charging subscribers and advertisers excessive payment surcharges.