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Search ResultsShowing 1 - 10 of 100+ results for "ACCC"
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
... 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.
Investment scams pry $126m from Aussie hands
ALLY SELBY  |  MONDAY, 22 JUN 2020
... the highest losses ($132 million). This was a 30% increase from 2018, when $489 million was reported lost. Worryingly, the ACCC said only 13% of victims report a scam, suggesting actual figures could be significantly worse. Based on combined data from ...
Open banking accreditation now open
ALLY SELBY  |  WEDNESDAY, 27 MAY 2020
The ACCC has today launched its Consumer Data Right Register and Accreditation Application Platform (RAAP), set to be the "IT backbone" of open banking in Australia. Consumer Data Right gives consumers greater access and control over their data, allowing ...
Open banking to charge on
ELIZA BAVIN  |  TUESDAY, 7 APR 2020
... watchdog has confirmed the launch of open banking will go ahead at the July 1 deadline as a means to help drive competition. ACCC chair Rod Sims said he believes a key driver of reform, and greatly improved competition in financial services will be the ...
Super scammers pose as authorities
HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... authorities, offering to help unaware superannuation members ensure they aren't 'locked out of their account by the new rules'. An ACCC spokesperson told Financial Standard the scams have increased since the government announced Australians suffering ...
JPMorgan admits to withholding ANZ shares
ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... last year that the banks had decided to restrict share sales "independently", but voluntarily withdrew this statement. The ACCC alleges that the banks made the agreement together after a failed capital raise that led to an oversupply of ANZ shares. ACCC ...
ACCC denies impropriety
ELIZA BAVIN  |  TUESDAY, 11 FEB 2020
The ACCC has denied acting with impropriety in bringing criminal cartel charges against ANZ, Citigroup and Deutsche Bank. The regulator is being questioned after the Commonwealth brought charges against ANZ, Citigroup and Deutsche Bank following the ...
Consumer data right for open banking delayed
ALLY SELBY  |  FRIDAY, 20 DEC 2019
The ACCC has delayed the launch of consumer data right (CDR) for the banking sector to July 2020, postponing key components of the reform that would have allowed the kick-off of open banking in Australia by February next year. Consumers will now be ...
ACCC immunity deal questioned by court
ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
... capital and derivatives, Richard Galvin, has been forced to answer questions over the immunity deal offered to him by the ACCC over the cartel scandal of 2015. The Commonwealth brought charges against ANZ, Citigroup and Deutsche Bank following an ACCC ...
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