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ACCC

Australia's Consumer and Competition Commission has sued two companies within Meta, the parent group of Facebook, Instagram and WhatsApp over crypto-ads by celebrities. The companies are Meta Platforms, Inc. and Meta Platforms Ireland Limited

The action is intended to establish that social media and other platforms are responsible for what appears there, something that all social media - and even online versions of established media have long fought against.

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The ACCC’s 2022/23 compliance and enforcement priorities include manipulative or deceptive advertising in the digital economy, environmental claims and sustainability, and disruptions to global and domestic supply chains.

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The Commonwealth Director of Public Prosecutions (CDPP) has today withdrawn charges against Citigroup Global Markets Australia Pty Limited (Citigroup), Deutsche Bank AG and four senior banking executives.

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The Australian Competition and Consumer Commission says that "Google’s dominance in ad tech supply chain harms businesses and consumers."

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Oh, ACCC, ACCC, ACCC. Have the Australian Competition and Consumer Commission not learned that success is expected and we are remembered by our failures?

And this failure is the result of one bad decision after another.

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In a notice issued 22 April, the Australian Consumer and Competition says "Petrol retailers should not use the current pandemic to further increase profits, which the latest ACCC petrol industry report
https://www.accc.gov.au/public... shows have risen in recent years, and should pass on the full benefit of falling oil prices to motorists." The full notice is below. In this teaser we ask this: with dramatically reducing volumes, if the price per litre falls in line with current oil prices (which are lower than those when the oil that is now current petrol stocks were bought), who's paying for the infrastructure and the staff? Prices per litre must cover those costs and that may mean a higher, not lower, price per litre simply to maintain a cashflow neutral business.

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In the northern hemisphere, above the tropical line, it's obviously winter. And as Christmas is just around the corner real or artificial snow is rapidly appearing as the Winter Equinox nears.

But in Australia, tinnies, barbies, thongs, surf, sun and sand are on the agenda. Hell, you can even roast a turkey in a sun-oven (it's a matt black box).

And with all of that comes risk: wear a hat, a shirt and sunscreen, scream the warnings. But there's another one, too, and this one is about things other than Aus's nasty wildlife that can kill you.

"Owned and operated by Tasmanians for Tasmanians," says the website of the Tasmanian Ports Corporation. It's owned by the Tasmanian state government and, the website says "Over 99% of Tasmania's freight moves through our ports." In fact, TasPorts operates all but one port in Northern Tasmania. The Australian Consumer and Competition Commission thinks that TasPorts tried to stop a company entering the pilotage and towing business with a view to lessening competition. It's the first test of a 2017 version of an existing law.

Optus Internet Pty Limited and Optus Mobile Pty Limited (Optus) have been ordered by the Federal Court to pay AUD6.4 million in penalties for making
misleading claims about home internet disconnections to consumers, following proceedings brought by the Australian Consumer and Competition Commission (ACCC)

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It takes a special kind of b***s to continuously break one of the most widely known business laws in Australia and to keep doing it for months. Worse, when it stopped breaking it, it didn't tell anyone it was doing so and to its customers continued to act as if it was in force. What is it? Resale Price Maintenance (yes, the very thing that kept Amazon out of Aus for so long because book publishers were exempted from the law).

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The global airbag scandal involving TAKATA airbags just won't go away. In Australia, BMW, GM Holden, Honda, Mitsubishi and Toyota have been trying to contact some 20,000 car owners to replace the defective equipment but have had no response. Now the government has stepped in. "do not drive these cars at all," it says.

Australia is cancelling the debts of students of a large failed education provider that once had government backing. It's also obtained massive penalty and restitution orders. But there is a fly in the ointment.

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In the past year, two of Australia's most high profile departments have undergone so-called "rebranding exercises." ASIC and the ACCC have changed their logos. Was it worth it?

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This morning, Australia's Medibank has learned that it is being prosecuted after self-reporting its discovery that some of its claims handlers had rejected claims that were both covered and valid, despite already having identified cases and arranged compensation and called for any policyholders who think they may have had claims improperly dismissed to contact the company for assistance.

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Big Warehouse Spare Parts is an amazing, if sometimes expensive, service for the supply of parts for all kinds of things, including hard to find items. But its business practices have landed it in hot water with Australia's Consumer and Competition Commission.

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