Aussies have lost $45 million to scams this year
45,743 complaints regarding scams have been received this year and an overall loss of $45,902,666 has been registered.
45,743 complaints regarding scams have been received this year and an overall loss of $45,902,666 has been registered.
Around 100 suppliers have been paid back $12 million by Coles after buyers were found to have employed “threatening” tactics in their dealings.
Approximately one third of Indigenous Australians that were targeted by scammers went on to lose money, a figure that more than doubles the amount of non-Indigenous consumers.
91,637 took to the ACCC with complaints of scams in 2014, resulting in an accumulated loss of $81,832,793.
The operator of online electronics store Electronic Bazaar has been fined $100,000 for misleading customers regarding refunds and the liability for faulty goods.
The second quarterly report on the Australian petroleum industry by the ACCC revealed the nation’s petrol prices hit their lowest point in real terms in over fifteen years, hitting 103 cents per litre in early February 2015.
Australians could be seeing cheaper mobile phone call charges and a reduction in the price of texts if a draft decision by the ACCC gets finalised.
The Australian Competition and Consumer Commission has fined NIB Health Funds $10,200 for misleading advertising about the waiting period for “Extras” cover.
The South Australian arm of electricity retail giant AGL has been penalised over $1 million for misleading customers on the discounts they would receive under the company’s energy plans.
Popular discount coupon website Spreets has been fined $600,000 after the Federal Court found the company guilty of making false or misleading representations to consumers.