9News: Competition Watchdog names 2018 targets

Peter Overton: Customers are set to benefit from a deliberate crackdown by the competiton watchdog in key areas that effect your budget.

The Nine Network’s Finance Editor Ross Greenwood joins me now –

Ross, how will the ACCC put money back in our pockets?

Ross Greenwood: Australia’s peak watchdog for consumers and also for competition has today laid out its plan for 2018 to put more money back in your pocket.

One is about mortgages and in particular, about big banks and whether they have too much power in terms of pricing, and particularly, whether they are favouring new customers over existing bank customers.

The second is when you buy a new car, of course a big expense but in this particular case, they are continual breakdowns and you got to keep going back for repairs.

The ACCC will look at whether you should get a new car or get your money back.

The final one broadband speed, the NBN in particular.

And in this case, they are now saying if you are not getting the speeds you paid for, then your telecommunications company needs to pay up.


Newsletter – February 16 2018 .

Interviewed  Adrian Lovney, CEO, New Payments Platform titled ” Faster transactions, but is it safe? .”

Interviewed  John Williams, Senator, The Nationals titled ” Big Banks under the spotlight .”

Ten years on, could the GFC happen again? .

Interviewed  Ian Narev, CEO, Commonwealth Bank titled ” Commonwealth Bank Shareholders hit hard .”

9News: Payback Time .

Interviewed  Peter Harris, Chairman, Productivity Commission titled ” Should banking competition be suppressed in the name of safety? .”

9News: RBA leaves Interest Rates on Hold for the First Time in 2018 .

9News: Market Bloodbath .

Top 10 Fixed Rate Home Loans for 3 year Feb 2018 .

Top 10 Variable Rate Investment Property Loans for Feb 2018 .

Top 10 Fixed Rate Investment Property Loans for 1 year Feb 2018 .

Interviewed  Jeff Morris, Whistleblower titled ” CBA whistleblower is not happy with new Commbank CEO .”

Interviewed  John Williams, Senator titled ” Did the CBA chose an appropriate new boss amid its scandal allegations? .”

9News: CBA announces New Boss .

Interviewed  Audrey Zibelman, CEO, Australian Energy Market Operator titled ” How did the energy grid cope with soaring temperatures? .”

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