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Latest news: Consumer Issue - Macro Economics

Telco fined $2.5 million for mobile phone fraud

Telco fined $2.5 million for mobile phone fraud

Scammers were able to bypass Southern Phone's identity verification systems for months, leading to customers being defrauded almost $400,000.

Crackdown nears on 'dark patterns' exploiting consumers

Crackdown nears on 'dark patterns' exploiting consumers

Crackdown nears on 'dark patterns' exploiting consumers

Crackdown nears on 'dark patterns' exploiting consumers

The government has revealed a timeline for new protections to shield consumers from dodgy business practices.

Fears 'free' electricity could come with hidden costs

Fears 'free' electricity could come with hidden costs

Fears 'free' electricity could come with hidden costs

Fears 'free' electricity could come with hidden costs

Some households will get free access to electricity for three hours a day but questions have been raised about unintended consequences from the plan.

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Power prices to rise, secret department documents warn

Power prices to rise, secret department documents warn

The federal government has released confidential briefing documents which warn of higher power prices over the months to come.

'Slam dunk': Microsoft sued for misleading Aussie users

'Slam dunk': Microsoft sued for misleading Aussie users

Microsoft might have misled millions of Australian customers when it sent emails about higher fees for its flagship AI assistant.

Bank customers more scam savvy as fraud losses fall

Bank customers more scam savvy as fraud losses fall

Australian bank customers are losing less money to scams as they gain more knowledge about grifts and banks boost defences.

Apple says competition changes could open door to scams

Apple says competition changes could open door to scams

A US tech giant has rejected proposed changes to Australia's digital competition rules, saying some could put consumers and app developers at risk.

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Fears super tax rise for rich will whack housing market

Fears super tax rise for rich will whack housing market

Fears super tax rise for rich will whack housing market

Fears super tax rise for rich will whack housing market

Slapping taxes on high superannuation balances may be well intended, but the federal government's plan could harbour some pitfalls.

Prices dropping for all major supermarkets bar Woolies

Prices dropping for all major supermarkets bar Woolies

Prices dropping for all major supermarkets bar Woolies

Prices dropping for all major supermarkets bar Woolies

Woolworths is the only major supermarket chain to flunk a government-funded report on grocery prices across Australia.

Record high house prices as rate cut buoys sentiment

Record high house prices as rate cut buoys sentiment

Record high house prices as rate cut buoys sentiment

Record high house prices as rate cut buoys sentiment

House prices have rebounded to record highs after the Reserve Bank's rate cut boosted sentiment and improved Australians' borrowing power.

The $239b Aussie industry smashing investment records

The $239b Aussie industry smashing investment records

The $239b Aussie industry smashing investment records

The $239b Aussie industry smashing investment records

Australia's exchange-traded funds industry continues to break records and its value is tipped to rise to perhaps as much as $800 billion by 2030.

Deals on the bus go down, down: transport costs plunge

Deals on the bus go down, down: transport costs plunge

Deals on the bus go down, down: transport costs plunge

Deals on the bus go down, down: transport costs plunge

Transport costs have fallen for Australian households, a report shows, led by public transport discounts and falling fuel prices.

Solar battery surge expected for plugged-in households

Solar battery surge expected for plugged-in households

Solar battery surge expected for plugged-in households

Solar battery surge expected for plugged-in households

More Aussie households are expected to investigate solar batteries as a way to save on the cost of power rather than the cost to the environment, a bank says.

It's not you: banking outages are taking longer to fix

It's not you: banking outages are taking longer to fix

It's not you: banking outages are taking longer to fix

It's not you: banking outages are taking longer to fix

Digital payment services are under increasing pressure as Aussies ditch cash and they are mostly rising to the task, a Reserve Bank report has found.

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Coles and Woolworths head down, down to federal court

The consumer watchdog is taking Coles and Woolworths to court amid allegations the retailers allegedly artificially increased prices on hundreds of goods.

Feeling the cold? Study shows newer homes are more cosy

Apartments and houses built in the last decade are more energy efficient and easier to cool or heat, a CSIRO study has revealed.

Scams help push financial complaints to record levels

Financial complaints have reached a record high after disputes to the ombudsman service went up a further nine per cent to more than 105,000 in 2023/24.

Charge an electric car for $5? Energy trial goes public

Australia’s biggest energy retailer will open a popular electric car-charging program to the public but only those with a Tesla can apply.

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Australia's love of big vehicles comes with big costs

The popularity of large SUVs and utes is driving higher costs, a report reveals the average household's annual spending on transport has risen by 10 per cent.

Aussie nest eggs being drained by dodgy cold-callers

Workers are being warned to be wary of cold callers using dodgy tactics to bait them into switching super products at the detriment of their retirement savings.

TikTok says it boosts economy by $1.1b amid ban threat

TikTok delivers a significant economic boost to the Australian economy, a report has found, in what experts say is an attempt to prove its worth.

Cattle prices to soar but steaks shouldn't cost more

Analysts say cattle prices are set to soar over the next two years but the cost of beef in the supermarket may not break the bank.

Electric car price war resumes as one brand sets record

The price of the cheapest electric vehicle in Australia has dropped again, in a move experts say shows the fuel-efficiency standard is already working.

Online shopping is forcing down prices by $1100 a year

Greater competition from online shopping is forcing down the price of some goods, research has found, and could have a bigger impact in the future.

Electric joy rides in Canberra to support fuel standard

Expect to see more politicians behind the wheel of a small electric car in a show of support for new vehicle efficiency rules.

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