Dendy Cinema has paid a $19,800 penalty after the ACCC alleged it failed to prominently display the total price for movie tickets sold online at the earliest point in the sale process, a practice known as ‘drip’ pricing.
Retailer The Good Guys has agreed to pay $13.5 million in ACCC proceedings alleging it made misleading statements about store credit.
The ACCC has concluded its five year inquiry into digital platforms, identifying risks to competition posed by AI and cloud computing and again calling for significant regulation to counter “harmful” practices by the likes of Google and Facebook.
Big Four bank NAB has paid $751,200 for inaccurate credit data disclosures under the Consumer Data Right rules, the largest penalty to date for breaches of the regulations.
Optus has agreed to pay a $100 million penalty in a case brought by the ACCC, admitting the watchdog’s allegations that staff pressured customers into buying phones they couldn’t afford.
A judge has warned that an interlocutory privilege skirmish in the consumer watchdog’s misuse of market power case against Mastercard could “spiral out of control”.
The ACCC has launched a review into unsolicited sales practices in response to the first ‘super complaint’ from a consumer group, which says cold calling and similar practices should be banned.
Online mattress retailer Emma Sleep has admitted to misleading consumers about the sale price for mattresses, but a court has found its German parent company is not on the hook because its executives did not give directions to the Australian unit.
Mobil Oil has admitted it misled consumers by falsely claiming it was selling a specific brand of fuel at Far North Queensland petrol stations, but cites the challenges of supplying the fuel to the region, which it says was a loss-making exercise.
The ACCC will not oppose Allianz Australia’s plan to acquire the personal insurance business of the RAA after finding the transaction, which is part of a $642 million deal, does not pose a substantial threat to competition in the South Australian market. Insurance giant Allianz announced the $642 million deal with the Royal Automobile Association…