Business

Consumer Data Right draft rules out

The ACCC today published the draft rules for the Consumer Data Right (CDR) and is seeking feedback from consumers, businesses and community organisations.

The CDR will allow consumers to easily obtain access to their banking data and have it transferred to service providers who they trust.

This might, for example, be comparator or switching services, or providers of financial or budgeting advice. While commencing in the banking sector, it will eventually apply across a range of sectors.

Woolworths fuel discount undertaking varied

The ACCC has accepted a variation to an undertaking provided by Woolworths in 2013 relating to its shopper docket fuel discount offers, which changes how Woolworths can fund the discounts.

In 2013, after an investigation into the escalating shopper docket fuel discount offers, the ACCC accepted an undertaking from Woolworths to limit the size and scope of fuel discounts linked to supermarket purchases. The undertaking required these discounts to be funded only through Woolworths’ petrol division.

Airport monitoring report 2017-18

Results of the ACCC's price, financial reporting and quality of service monitoring for aeronautical services and car parking for monitored airports for the 2017–18 financial year.

ACCCount 1 October to 31 December 2018

ACCCount details the ACCC's activities in the enforcement of the Competition and Consumer Act 2010, merger reviews, compliance actions, adjudication issues, economic regulation and international involvement.

ACCC to focus on franchisors' disclosure in the food services sector

Café, restaurant and take away food services industries will be the target of the ACCC’s next round of Franchising Code compliance checks.

The ACCC has responsibility for regulating the Franchising Code of Conduct in Australia, which includes conducting an active compliance check program.

“The ACCC receives more franchising code related reports from café, restaurant and take-away food franchisees than any other sector, and for this reason franchisors operating in this sector will be the target of our next round of checks” Deputy Chair Mick Keogh said.

A million airbags still to be replaced

Australia’s largest ever recall is nearly two thirds progressed with 2.8 million faulty Takata airbags replaced with around 1 million still outstanding.

More than 70 per cent of all affected airbag inflators have been replaced nationally since the Federal Government put manufacturers on notice in February last year.

“Despite good progress, both motorists and car manufacturers shouldn’t become complacent,” ACCC Deputy Chair Delia Rickard said.

“If you receive a letter or call from your car’s manufacturer, don’t delay or ignore it.”