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ASICCommentsCrypto giant sued over alleged consumer protection failures

Australia’s corporate watchdog is suing the local arm of global crypto giant Binance after more than 500 retail clients were “denied important consumer protections”.

Cheyanne Enciso

BusinessCommentsMeta settles Cambridge Analytica saga with $50m payment deal

The Australian Information Commissioner has dumped civil penalty proceedings against Meta over the Cambridge Analytica scandal after the owner of Facebook agreed to a $50 million settlement.

Daniel Newell

RetailCommentsACCC threat for retailers with dodgy Black Friday deals

Australia’s consumer watchdog is threatening investigations into retailers who cashed in on the Black Friday shopping frenzy by luring shoppers with dodgy promises about their discounts.

Daniel Newell

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RetailCommentsPremium
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Galati cops kick in spuds over alleged grower trade breach

The company behind Tony Galati’s Spudshed has paid more than $60,000 in fines after being hit with four infringements from the competition watchdog for allegedly breaching the mandatory horticulture code.

Cheyanne Enciso

BusinessPremiumASIC sues HSBC Australia over scam failures

The regulator says the bank lacked the protection systems to detect unauthorised transactions and breached its obligations to investigate suspect withdrawals and report back to affected customers.

Sean Smith

RetailCommentsWoolies facing criminal charges in NZ over fake discounts

New Zealand’s competition watchdog has filed criminal charges against Woolworths and local rival Pak’nSave over alleged inaccurate pricing and misleading specials.

Cheyanne Enciso

Your MoneyCommentsPremiumCentrelink shares how to avoid becoming victim of scams

West Australians using the myGov service have been warned to remain alert following a sharp rise in identity theft, with the data pinched being used to redirect pension payments to scammers’ accounts.

Nick Bruining

Bruining Q+ACommentsPremiumWhere did my mum’s $200,000 aged care deposit go?

Q+A: The refundable accommodation fee? The daily accommodation payment fee? The aged care system can be a minefield to navigate. Here’s how they work together for you to avoid often prohibitive up-front costs.

Nick Bruining

Your MoneyCommentsPremiumCunning tricks used by hackers to steal Perth man’s pension

Jeff Pollard is no fool when it comes to online safety. But his ordeal proves even the security-savvy can get caught out. Here’s how the scammers did it and why you need to remain vigilant.

Nick Bruining

Consumer rightsPremiumASIC blames insurers for complaints flood

ASIC condemns complaints handling at insurance companies amid surge in customers crying foul about their treatment.

Neale Prior

RetailCommentsSupermarkets now among nation’s top three distrusted brands

Coles and Woolworths have continued their fall from grace to now be among the nation’s top three most distrusted brands.

Cheyanne Enciso

InvestmentCommentsPremiumASIC dangles carrot ahead of crypto push

The Australian Securities and Investments Commission plans a softly, softly approach as it tightens regulation of cryptocurrency and industry players.

Neale Prior

AviationPremiumWebjet sued over claims of false, misleading airfare prices

Webjet is being sued by the consumer watchdog, which alleges the travel comparison site duped customers for five years by failing to include all costs when plugging the price of its cheapest airfares.

Daniel Newell

RetailComments‘Really great’: Coles CEO praises competitor supermarket

Chief executive Leah Weckert has laid praise on one of its biggest competitors, spruiking their ‘unique products’ as both Coles and Woolworths face an ACCC enquiry.

Jackson Hewett

RetailVideoCommentsPremiumWATCH: Shock CCTV reveals violent attacks on Bunnings staff

Bunnings has released a compilation of CCTV footage highlighting some of the violent attacks on its staff over several years as it defends the use of facial recognition technology. WARNING: GRAPHIC CONTENT.

Daniel Newell

RetailCommentsPremium ‘Most intrusive’: Bunnings cops facial recognition rebuke

The Privacy Commissioner found a trial collected individuals’ sensitive information without consent, failed to take reasonable steps to notify individuals that their personal information was being collected.

Sean Smith

RetailCommentsWoolies boss skirts around pricing questions at ACCC probe

Woolworths boss Amanda Bardwell has refused to give a direct answer when questioned about its similarity in pricing with rival Coles.

Cheyanne Enciso

RetailCommentsPremiumACCC probe a ‘negative catalyst’ for Coles, Woolworths

A leading analyst has taken a negative stance against Coles and Woolworths as the supermarket giants prepare to be put under the spotlight at a probe into the highly-scrutinised sector.

Cheyanne Enciso

RetailCommentsSupermarket giants to defend fresh fake discount lawsuit

Coles and Woolworths say they will defend a new class action relating to fake discount allegations from the competition watchdog.

Cheyanne Enciso

RetailCommentsColes, Woolies shoppers in for refund with new class action

Coles and Woolworths have been slugged with a new class action following allegations by the competition regulator that the supermarkets engaged in misleading discounting.

Cheyanne Enciso

RetailCommentsIGA parent Metcash says cross-shopping boosts competition

IGA’s parent company Metcash believes the willingness of households to shop around for bargains amid higher living costs has prompted more competition in the supermarket sector.

Cheyanne Enciso

ASICCommentsASIC boss calls for fix of legal mess

Australia’s top corporate cop Joe Longo is pushing for reform of the country’s tangle of company and finance services laws, warning of unnecessary burdens and failures to protect consumers. 

Neale Prior

RetailComments‘Fair level’ of competition in supermarket sector: Aldi

The boss of national buying for Aldi says there is sharp competition in Australia’s supermarket sector — extending beyond Coles and Woolworths into big-box retailers.

Cheyanne Enciso

RetailCommentsDesperate Woolies worker’s AGM plea for a ‘liveable wage’

The 64-year-old says is scratching by on $26.04 an hour with little prospect of adding meaningfully to her pay and questioned how younger fellow employees could afford to buy a home.

Sean Smith