The Commonwealth Bank has announced it is on track to deliver a record $7 billion annual profit, off the back of strong growth from its retail business.
Nokia chief executive Stephen Elop has defended his company’s controversial decision to adopt Windows Phone 8 over Android or an internally developed alternative.
Businesses have been put on notice after the competition watchdog warned it will be cracking down on fake product reviews and online voucher rip-offs in the new year.
A Melbourne-based skincare retailer has been hit with $100,000 in fines for engaging in resale price maintenance, prompting the competition watchdog to issue a stern warning to suppliers.
ACCC to clarify country of origin labelling but Australian Made Campaign says "deceptive" rules need to be changed3:49AM | Tuesday, 12 March
The Australian Competition and Consumer Commission is taking new steps to address misleading claims made on labels about country of origin claims but the Australian Made Campaign says the watchdog is not going far enough.
The Federal Court has ordered two businesses to pay a total penalty of $1 million for illegal door-to-door selling practices, following action by the competition watchdog.
The consumer watchdog has issued a warning about widespread unscrupulous industry practices in the door-to-door sales industry, but the industry says many of the practices raised by the ACCC have been addressed.
The competition watchdog has indicated the downward trend of carbon price complaints could continue, but insists it will continue to take a hardline approach to businesses that deliberately mislead consumers.
The top leaders of the trade union movement have discussed the prospect of Kevin Rudd returning to the leadership of the Labor Party as they prepare a battle plan against Coalition leader Tony Abbott.
The competition watchdog says it has received 630 complaints and enquiries about the carbon tax, but insists the number of complaints about small businesses has “generally been low”.
Small businesses unsure about carbon price claims can now access a dedicated hotline, designed to make it easier for consumers and business to complain if they suspect a price claim is false.
The carbon tax has been a contentious issue in the Australian business community since the Federal Government announced shortly after the last election that it will come into effect on July 1 this year.
The world’s leaders have gathered at the G20 conference in Mexico amid warnings that the world’s economy could be set for a second financial crisis.
Start-ups are set to thrive rather than flounder under a carbon tax, with new businesses having an opportunity to drive new industries, innovation and capabilities under the carbon pricing regime, according to a new report.
The competition watchdog has fined a company director $450,000 and banned him from managing a business for 15 years after he admitted to duping elderly investors into investing tens of thousands of dollars knowing they would never get the money back.
The competition watchdog says it will investigate fashion importers who are asking retail sites to inflate prices for Australian shoppers, warning suppliers could face multimillion dollar fines.
The Australian Competition and Consumer Commission has launched a guide for businesses on carbon price practices, urging them to ensure their claims are accurate and can be substantiated.
Businesses that mislead consumers on price could face hefty fines, the consumer watchdog has warned, after campervan hire company Wicked Campers was fined more than $26,000.
The competition watchdog says businesses could be forced to defend any price rises in response to the carbon tax, after a liquor store used the tax to justify a 20% rise in the price of beer.
Competition watchdog ACCC says it will focus on compliance in the franchising sector in order to “improve its standing”, while industry experts say the sector is performing well financially.