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Search ResultsShowing 1 - 10 of 100+ results for "ACCC"
Investment scams most profitable
ELIZA BAVIN  |  TUESDAY, 15 DEC 2020
... around 20% in November, with investment scams taking the most money from consumers at around $9.5 million, according to the ACCC. In November, money lost to all types of scams rose to $18.7 million, up 20.2% from the $15.6 million reported in October ...
ACCC gives IOOF go ahead
ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
The Australian Competition and Consumer Commission (ACCC) has given its blessing for IOOF to acquire MLC Wealth as the combined firm will face competition in all aspects of wealth management. The consumer watchdog said it does not oppose IOOF's $1.4 ...
Shipton's tax bill under scrutiny
ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
... details about that legal advice this afternoon when it fronts the committee. Professor Graeme Samuel, formerly chair of the ACCC, was questioned by the committee following the ANAO. He addressed whether the remuneration issues were a cultural or structural ...
RBA, ASIC provide CHESS guidance
ALLY SELBY  |  FRIDAY, 2 OCT 2020
... participants," ASIC commissioner Cathie Armour said. ASIC and the RBA, as well as the broader Council of Financial Regulators and the ACCC, were closely supervising the ASX's conduct during the replacement program. "The regulatory expectations seek to ...
ACCC amends consumer data right rules
ALLY SELBY  |  FRIDAY, 2 OCT 2020
The Australian Competition and Consumer Commission (ACCC) amended the consumer data right rules to allow intermediaries to collect data on behalf of third party recipients. The changes will allow accredited businesses to obtain consumer data with their ...
APRA, ACCC sign new MoU
ALLY SELBY  |  TUESDAY, 15 SEP 2020
... considerations, including competition," he said. "Updating this MoU reflects the importance of our relationship with the ACCC, and acknowledges the importance of competition in maintaining a healthy and efficient financial system." ACCC chair Rod Sims ...
ASIC warns Indigenous Australians over scams
ANNABELLE DICKSON  |  WEDNESDAY, 19 AUG 2020
... consumers giving out personal details over the phone and email. There were 2767 scam reports from Indigenous consumers to the ACCC's Scamwatch in 2019, a 14% increase from 2018. Despite the increase in reporting scams, there was a 30% decrease in losses ...
ACCC flags dangers of ERS
ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
The Australian Competition and Consumer Commission (ACCC) has told Financial Standard that the nature of superannuation scams is shifting, having seen a 55% increase in cases of identity theft. The ACCC's national scam awareness week this year is focussed ...
Cyber criminals jump on ERS
ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
... Early Release of Superannuation (ERS) and JobKeeper schemes, according to the Australian Competition & Consumer Commission. ACCC chair Rod Simms told the joint committee on COVID-19 criminal activity and law enforcement that over 60% of COVID-19 scams ...
Crypto investment opportunities outright scams: ASIC
ALLY SELBY  |  THURSDAY, 25 JUN 2020
... or dating sites that may direct someone to send them money or invest in cryptocurrencies or forex trading. It comes as the ACCC releases its Targeting Scams 2019 report, which found that Australians lost $126 million to investment schemes in 2019.
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