Displaying items by tag: ACCC

Samsung Electronics Australia has been ordered by the Federal Court to pay $14 million in penalties after it admitted misleading consumers about the suitability of various Samsung Galaxy phones to be submerged in pool or sea water.

Electricity price rises have been significant and unprecedented in recent weeks, according to the ACCC latest Electricity Markets Inquiry report.

The competition watchdog, the Australian Competition and Consumer Commission (ACCC), has raised concerns about the property conveyancing sector which is in a transitional period as it moves to electronic conveyancing and digitalisation, outlining “significant preliminary competition concerns” with Dye & Durham’s (D&D) proposed acquisition of Link Administration Holdings (ASX:LNK) in a statement of issues published today.

The Telstra/TPG network sharing agreement is before the ACCC but has already drawn criticism from Optus. TPG Telecom general manager external affairs James Rickards says Optus is terrified because it knows the deal brings choice and competition to regional Australia.

Australia’s competition and consumer commisssion the ACCC has given notice that competition in payments markets, investigating allegations of anti-competitive conduct, and protecting the interests of consumers will be the focus of its financial services enforcement and policy work over the next year.

The Australian Competition and Consumer Commisssion (ACCC) has instituted proceedings in the Federal Court against Mastercard for allegedly engaging in conduct with the purpose of substantially lessening competition in the supply of debit card acceptance services.

Former ACCC chair Rod Sims says under the terms of an ongoing Treasury review into the News Media Bargaining Code, social media giant Facebook should be forced to negotiate and strike content deals with outlets like SBS and The Conversation.

The ACCC is taking Uber to court, and as the ridehailing company has already "admitted it engaged in misleading or deceptive conduct and made false or misleading representations" and agreed to an $26 million penalty the case would appear to be little more than a formality, assuming the judge agrees that the penalty is appropriate.

GUEST OPINION: The pandemic has altered the business landscape forever, and telecommunications has been a focal point in that evolution. With businesses permanently moving workforces to remote and hybrid models, and more individuals relying on secure and stable connectivity, the need for fast mobile and internet connection has never been higher.

Hotel aggregation site Trivago has been ordered to pay penalties of $44.7 million by the Federal Court.

Commonwealth Bank is partnering with the Australian Business Forum (ABF) to present the inaugural SmallBiz-Week in Melbourne from 17-19 May 2022.

The Australian consumer watchdog has taken Facebook parent Meta to the Federal Court, accusing the company of placing false, misleading or deceptive ads for cryptocurrencies featuring Australian celebrities.

Australia's consumer watchdog is seeking input from consumers, businesses and others as it examines legislative options to address the dominance of digital platforms.

A well-known telecommunications consultant has thrown his support behind a call by ACCC chairman Rod Sims for the government to treat the costs of the NBN as sunk and focus on getting the best use out of the network.

The competition regulator the ACCC has cleared the way for the proposed acquisition of Aviation Training Holdings Pty Ltd - trading as Ansett Aviation Training (AAT)) - by Aviation Training Partners (ATP).

The Commonwealth Director of Public Prosecutions (CDPP) has withdrawn charges against Citigroup Global Markets Australia Pty Limited (Citigroup), Deutsche Bank AG and four senior banking executives in relation to criminal cartel allegations arising from an ANZ institutional share placement in August 2015.

Food distributor and retailer HBC Trading Australia has paid penalties of $26,640 after the consumer watchodog the ACCC issued it with two infringement notices for allegedly making false or misleading representations about its Chef’s Choice-branded ‘alcohol free pure vanilla extract’ im an online caalogue posted on its website.

Over 90% of identified unsafe product listings were removed within two business days by online businesses signed up to the Australian Product Safety Pledge, according to Australia’s competition and consumer watchdog the ACCC.

NBN Co are taking the initiative during the ACCC's National Scams Awareness Week, November 8 to 12, to run a series of special free webinars, in partnership with ASCCA and other national organisations, to help Australians get 'ScamFit' as NBN and other company impersonation scams go on the rise - and losses by everyday Aussies grow, too.

“Let’s talk scams” is the theme adopted by more than 350 partners across government, private and community organisations who have joined the fight against scams in this year’s national Scams Awareness Week.