by Alan Thornhill
The Federal government has some stern advice for shoppers,who find a business unfairly raising its prices and blaming the carbon tax.
The Assistant Treasurer, David Bradbury says they should be reported.
He says that call should go to the price watchdog, the Australian Competition and Consumer Commission, on its hotline 1300 303 609.
”It’s only through the work of consumers and others referring these matters to the ACCC that the regulator has the opportunity to investigate these issues,” Mr Bradbury told reporters in Sydney.
The ACCC already has the bakery chain, Brumbys, in its sights, after its boss advised franchisees to raise prices, then blame the carbon tax.
Mr Bradbury named and shamed two other businesses, that he accused of similarly, planning rash price rises.
“… Polaris Solar was one company and ACT Renewables was the other,” he said.
“These are companies that are in the business of selling and installing solar panels.
“And they had made claims that electricity prices would go up 20 per cent in the first year and that electricity prices had the potential of going up by 400 per cent over the coming years.”
Mr Bradbury said many businesses, like these, were making the mistake of using reckless claims made by the Opposition Leader, Tony Abbott, who has said such things.
”…it’s a reminder that just because someone makes a false and a reckless political allegation doesn’t mean that should be the basis upon which businesses market their products to consumers ,” Mr Bradbury said.
“… they could end up misleading their consumers,” he added.
Alan Thornhill is a parliamentary press gallery journalist.
Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.
Wednesday May 22
The Dow Jones Index rose 52.07 points to 15,387.30
At least 24 die in Oklahoma tornado
Unions are seeking a rise of $30 a week in the National Wage Case, which opens today
- Sharon Coulton on Proposed family tax benefit scrapped
- Pete on Rudd government had entered “paralysis:” Gillard
- Liam Knuj on The Prime Minister, Julia Gillard’s, New Year’s Message
- Change is for the better,change is where your heart grows stronger on Family Assistance boost
- Harry on The Prime Minister, Julia Gillard’s, New Year’s Message
|Aud To Usd||0.9793||N/A||N/A|
|Bhp Blt Fpo||35.320||+0.490||+1.41%|
|Qbe Insur. Fpo||15.245||-0.155||-1.01%|
|Macq Group Fpo||45.570||-0.100||-0.22%|
The News This Week
- Slow payers squeeze business
- Paid parental leave? Look again
- What went wrong:Treasury chief explains
- Working smarter works:Swan
- More rate cuts possible
- Employers urge moderation in the national wage case
- The right man for the job? Wrong question!
- Small business:a warning
- Where’s Gonski now?
- Super:the political questions
- Abbott casts a wide net
- Tony Abbott offers “Real Solutions”
- Disability bill passes Parliament
- Investment scam closed
- We’re cashed up and confident, but not buying cars
- Airlines (62)
- Banking (2158)
- Business (2263)
- Communications (50)
- crime (12)
- Disaster (103)
- Economics (2228)
- Environment (100)
- Financial advice (2018)
- Health (81)
- Housing (622)
- Inflation (508)
- Insurance (90)
- Investment (1874)
- Markets (1638)
- Media (117)
- medical (20)
- mining (167)
- pay (70)
- Politics (2206)
- population (73)
- Regulation (915)
- retirement (64)
- Rural australia (100)
- Security (19)
- Social security (229)
- Superannuation (212)
- Tax (350)
- The latest (4)
- Trade (540)
- Uncategorized (334)