The ACCC notes that the Federal Budget announcement of a six-month reduction in fuel excise from midnight. Under direction from the Federal Government, the ACCC currently monitors fuel prices, costs and profits and reports on these each quarter. The ACCC can compel refiners, importers, terminal operators, wholesalers, and retailers to provide information relating to fuel…
Tag Archive for ACCC
ACCC Media Statement on pricing of rapid antigen tests
by themovieboards - Editor •
Editor’s Note – This Media Statement was released Tuesday January 4 2022 The ACCC is aware of the significant public concern about the pricing of rapid antigen tests and is contacting suppliers and monitoring the situation very closely. The ACCC will be examining claims that the current pricing levels of rapid antigen tests are due…
Scam Losses reported to Scamwatch exceed $211 million
by themovieboards - Editor •
Scamwatch is urging people to be extra vigilant about scams after Australians reported a record $211 million in losses to scams so far this year, an 89 per cent increase compared to the same period last year, according to new data from Scamwatch. The losses, reported between 1 January and 19 September, have already surpassed…
A Rise in Romance Baiting Scams
by themovieboards - Editor •
Australians reported a record-breaking $37 million lost to Scamwatch last year for dating and romance scams. Total losses are expected to be much higher and scammers are now using dating apps to lure victims into investment scams. This new technique, called romance baiting, involves scammers meeting people on dating apps and then moving the conversation…
ACCC to Actively Monitor Domestic Air Travel Market
by themovieboards - Editor •
The ACCC welcomes today’s direction from the Australian Government to actively monitor and regularly report on the domestic air travel market, particularly in relation to its competitiveness. The aviation industry globally has been severely impacted by the COVID-19 pandemic, and is a critical industry to Australia. “A strong aviation industry is vital for Australian consumers…
Australians under 25 lost over $5 million to scams in 2019
by themovieboards - Editor •
Australians under 25 lost over $5 million to scams in 2019 and reports made from this age group are increasing faster than older generations. In 2019, around 12,000 (7.15 per cent) reports made to Scamwatch were from people under the age of 25, an increase of 11 per cent compared to 2018 figures. Reports from…
Lookout for Romance Scammers
by themovieboards - Editor •
Scamwatch is urging tech-savvy daters to be on the lookout for romance scammers this Valentine’s Day as data shows these scams are increasingly happening through social media and dating apps. “Scammers tend to go where people are, and in the dating world that increasingly means on social media and dating apps,” ACCC Deputy Chair Delia…
Optus Ordered to Pay $10 Million for Misleading Customers
by themovieboards - Editor •
The Federal Court has ordered Optus pay a $10 million penalty for its treatment of customers who unknowingly purchased games, ringtones and other digital content through its third-party billing service, following action by the ACCC. ACCC chair Rod Sims said that the $10 million penalty is one of the highest imposed by the Court after…
ACCC Warns Beware of Charity Scams
by themovieboards - Editor •
Scammers are increasingly using fake charities or impersonating real charities to take advantage of people’s generosity and compassion, with losses reported to the ACCC’s Scamwatch increasing steadily over the past four years. This week is Charity Fraud Awareness Week and Scamwatch is warning people to watch out for fake charities and offering some quick and…
Beware of Celebrity Endorsement Scams
by themovieboards - Editor •
People are increasingly being caught out by celebrity endorsement scams, with reports to Scamwatch increasing 400 per cent and losses increasing a staggering 3,800 per cent so far in 2018. These scams often appear as online advertisements or promotional stories on social media or a seemingly legitimate, trustworthy website. They include fictitious quotes and doctored…