Sunday, 17 December 2017 Sydney

Invest In Australia Blog::

  • Barossa Valley Cheese Company Expands With Regional Development Fund Grant

    Three years ago, people were lining up outside Victoria McClurg’s cheese-tasting venue at Angaston because they couldn’t fit into the premises.

    Others looked at the crowd at the Barossa Valley Cheese Company and returned later. Ms McClurg doesn't know how many drove away in frustration and perhaps never came back.

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  • Optus in court for allegedly misleading 20,000 customers about moving to the NBN

    The ACCC has instituted proceedings in the Federal Court against Optus Internet Pty Ltd (Optus), alleging it misled customers about the need to move quickly from its existing HFC network to the National Broadband Network (NBN).

    The ACCC alleges that between October 2015 and March 2017, Optus made false and misleading representations by writing to its customers to advise it would disconnect their HFC service within a specified time period as the NBN was coming to their area.

    However, the timeframes were earlier than Optus was contractually allowed to cancel the customers’ services.

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  • WA building company amends unfair contracts

    Perth based building company, 101 Residential Pty Ltd, has amended its standard home building contract following ACCC concerns that it contained unfair terms and made false or misleading representations.

    Between October 2014 and August 2017, 101 Residential’s building contract contained non-disparagement clauses that allowed it to prohibit customers from publishing any unapproved information about the company, including online reviews.

    The non-disparagement clauses also allowed 101 Residential to remove any published information, suspend work on the customer’s construction site and ultimately terminate a customer’s building contract.

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  • Catchdeal, Techrific and BecexTech to offer refunds

    Online electronics retailers, BXT International Ltd (BecexTech) and TCF Global Ltd (which operates Techrific and CatchDeal) have admitted to contravening the Australian Consumer Law (ACL) and provided court-enforceable undertakings to the ACCC.

    Until September 2017, BecexTech, Techrific and CatchDeal advertised electronic goods such as mobile phones and tablet computers as 'new', when they were in fact refurbished.

    Over the last year, the ACCC received 96 complaints about BecexTech, 34 complaints about Techrific and 60 complaints about CatchDeal.

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  • ACCC cross-appeals from Unique College judgment

    The ACCC and the Commonwealth (on behalf of the Department of Education and Training) have filed a cross-appeal in the ongoing Federal Court litigation against Unique International College Pty Ltd (Unique).

    In June 2017, the Court found Unique had engaged in systemic unconscionable conduct in New South Wales. The Court found that Unique targeted disadvantaged consumers by offering gifts of laptops, providing financial incentives to its sales representatives and holding sign-up meetings to enrol students.

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  • ATO settlements fair in the eyes of the ANAO

    The ATO is effective, comprehensive and fair in using settlements to resolve taxpayer disputes, according to an Australian National Audit Office (ANAO) report released today.

    Deputy Commissioner Debbie Hastings said the ANAO’s review of the ATO’s use of settlements highlights the improvements made in recent years to resolving taxation, superannuation and debt disputes with taxpayers.

    “The ATO does not settle disputes at any cost. The sensible use of settlements is part of our increasing commitment to earlier and more effective dispute resolution, with a focus on ensuring future compliance of the taxpayer,” she said.

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  • Melbourne, the preferred location for corporate HQs

    Melbourne has surpassed other Australian capital cities as a corporate location due mostly to declining activity in the resources sector.

    Perth, a corporate centre for mining and energy, lost almost 100 ASX-listed firms to 652 in 2016. Melbourne was the only city to gain between 2013 and 2016.

    That is the period studied by University of Queensland geographer Thomas Sigler, who analysed the distribution of ASX-listed company headquarters in Sydney, Melbourne, Brisbane, Adelaide and Perth.

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  • Optus to compensate customers for slow NBN speeds

    Optus will offer remedies to more than 8,700 of its customers who were misled about maximum speeds they could achieve on certain Optus NBN plans.

    Between 1 September 2015 and 30 June 2017, Optus offered NBN services to consumers advertising a range of speed plans. This included a “Boost Max” which advertised maximum download speeds of up to 100 megabits per second (Mbps) and maximum upload speeds of up to 40 Mbps (100/40 Mbps).

    Technical limitations on the customers’ fibre to the node (FTTN) or fibre to the building (FTTB) NBN connections, however, meant they could not get the speeds that were advertised.

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  • Corporate tax transparency report for 2015–16

    The ATO has today published the corporate tax transparency report for 2015–16 which includes some tax information of more than 2,000 large companies operating in Australia.

    The report includes:

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  • Takata airbag warning ahead of holidays

    The ACCC is urging drivers of vehicles with defective Takata airbags installed to check(link is external) if their car is affected by the biggest global vehicle recall in history before driving long distances this summer. 

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