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iTWire - Regulation of wholesale telecommunications to change following ACCC inquiry

The competition watchdog the ACCC has released its final report outlining the findings of an inquiry into whether nine wholesale telecommunications se...

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'I think it's terrible. Why are we paying twice as much?'

Mackay residents have disagreed with a three-year probe finding insurance companies were not ripping off North Queensland residents.
The report found insurers were charging Mackay and Whitsunday homeowners premiums at twice the national average to make up for formerly âmassively underpricingâ.
Seaforth resident Tracey Hocking speaking about the ACCC's report into insurance affordability for North Queenslanders on Friday December 8, 2020. Picture: Heidi Petith
Seaforth resident Tracey Hocking said she approved of the ACCCâs suggestion for the government to subsidise North Queensland insurance customers.
But she said insurers were certainly price gouging.
âI think itâs terrible,â Mrs Hocking said.
âWhy is it we have to pay twice as much as everyone else when our southeast cousins have regular hail storms and floods and theyâre not charged likewise?

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