PM Plans $10 Billion Insurance Premium Subsidy for Northern Australia
People in northern Australia will soon have cheaper property insurance as the federal government announced a subsidy plan for the region from next year.
A reinsurance pool backed by a $10 billion government guarantee will be in place from July 1, 2022, to relieve the high premium cost burden on homes and businesses due to frequent natural disasters like cyclone and floods in recent years.
“This would reduce insurance premiums across Northern Australia by over $1.5 billion for households, strata, and small businesses over 10 years,” the federal government announced in a joint media release.
It is expected that over 500,000 residential, strata, and small business property insurance policies are eligible to be covered by the reinsurance pool.
Caravan maker Jayco ordered to pay $75,000 penalty after misleading customer on refund rights
Popular caravan manufacturer Jayco has been ordered by the Federal Court to pay a penalty of $75,000 for misleading one consumer about their rights to a refund.
The court found that Jayco misled one consumer by representing that they were entitled to have their broken caravan fixed under consumer law.
In reality, the consumer was also entitled to a refund or a complete replacement.
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Jayco was taken to court by the Australian Competition & Consumer Commission (ACCC), which alleged Jayco had acted unconscionably towards four consumers.
The court found that while the caravans bought by the four consumers were not of acceptable quality , Jayco only made a false or misleading representation to one of the consumers about their consumer guarantee rights under the Australian Consumer Law.
BRIEF-Australia s ACCC Says Country Press Australia Members Can Collectively Bargain With Google & Facebook Reuters 2 hrs ago COUNTRY PRESS AUSTRALIA MEMBERS CAN COLLECTIVELY BARGAIN WITH GOOGLE AND FACEBOOK CPA MEMBERS TO COLLECTIVELY NEGOTIATE WITH FACEBOOK, GOOGLE OVER PAYMENTS TO PUBLISHERS FOR NEWS CONTENT THAT APPEARS ON PLATFORMS ALLOWING CPA MEMBERS TO BARGAIN LIKELY TO RESULT IN PUBLIC BENEFITS BY ENHANCING NEGOTIATIONS BETWEEN REGIONAL PUBLISHERS & DIGITAL PLATFORMS Source text https://www.accc.gov.au/media-release/country-press-australia-members-can-collectively-bargain-with-google-and-facebook Further company coverage:
New research submitted to the Commerce Commission claims anti-competitive behaviour by supermarkets
29 Apr, 2021 05:42 AM
8 minutes to read
The Commerce Commission is currently conducting a study of the state of competition in the grocery market. Photo / 123RF
The Commerce Commission is currently conducting a study of the state of competition in the grocery market. Photo / 123RF New research submitted to the Commerce Commission has found broad dissatisfaction among supermarket suppliers with the terms on which they feel they must do business with their supermarket customers, and most suppliers believe that the country s supermarkets engage in anti-competitive behaviour.
The suppliers singled out Foodstuffs North Island as the grocery chain with which they have the most problematic relationship.
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The Australian Competition & Consumer Commission (ACCC) has said that Apple and Google’s apps stores may need to be regulated if significant changes aren’t introduced.
The ACCC reckons Apple and Google’s app stores probably need regulating, hey
The ACCC’s second Digital Platform Services report has found that measures need to be put in place to address the market power Apple and Google have in the app space.