The manufacturer of Glad garbage bags faces potentially millions of dollars in penalties after the consumer and competition watchdog launched legal action over false claims some bags were made partly from recycled ocean plastic.
The chair of the competition and consumer watchdog has put supermarkets,airlines,banks,telcos,ecommerce players and digital platforms on notice.
The ACCC chief says the nation’s corporate merger laws are trailing those in other developed countries,and this is costing consumers.
Why have chief executives been so confident their misdeeds would go undiscovered and unpunished? Because for a long time,it was largely true.
Jim Chalmers has asked Treasury for options to toughen competition laws to protect consumers from big companies with too much market power.
Unused subscriptions cost the average Australian more than $1200 a year,but there’s limited legislation to stop businesses from shady practises.
Even after government subsidies,out-of-pocket costs have risen by 7 per cent for centre-based childcare over the past four years.
Stock countdowns and deliberately confusing website designs are also in the sights of ACCC chair Gina Cass-Gottlieb.
The consumer watchdog is warning of gas shortfalls for the east coast,urging federal and state governments to help speed up development of new gas fields.
The chair of the competition watchdog said the commission was still waiting to hear from companies confused by the new guidelines.
The Australian Competition and Consumer Commission’s chief executive Gina Cass-Gottlieb said manufacturers may not see the discounts for many weeks.