Skip to content
CharitiesAidWelfare, Political

ACOSS backs ACTU price gouging inquiry

ACOSS < 1 mins read

Media release | Wednesday, August 9 2023

ACOSS is backing an ACTU inquiry into price gouging, to be led by former ACCC Chair Allan Fels.

The peak body says Professor Fels is well qualified to conduct the inquiry through public hearings to produce practical and effective measures to curb price gouging.

"Inflation has eaten into household budgets over the past year and has been used to justify aggressive interest rate hikes by the Reserve Bank, putting people’s jobs and living standards in jeopardy," ACOSS CEO Cassandra Goldie says.

"Experts agree one of the causes of excessive inflation is businesses with market power being unwilling to reduce profit margins as inflation took hold and business costs rose.

“People on low incomes, though, have had to bear cuts in real wages and grossly inadequate income supports failing to cover the costs of essentials. We face the real possibility of an economic downturn over the next 12 months.

“We accept that inflation has put many businesses under pressure, but the burden of high inflation should be fairly shared – not shifted to lower paid workers and people on low fixed incomes relying on income support.

“If we can tackle inflation at its roots, then we don’t have to rely so much on interest rate hikes and higher unemployment to curb it. People should not be sacrificed to unemployment and poverty to control inflation.”

Contact details:

Georgie Moore: 0477 779 928
Charlie Moore: 0452 606 171

More from this category

  • CharitiesAidWelfare, Environment
  • 26/06/2024
  • 06:28

***MEDIA ALERT*** MPs to address ACOSS climate, energy launch

MPs from across the political divide will today address the launch ofACOSS'sblueprint for fair, fast and inclusive action on climate change at federal parliament. Assistant Minister for Climate Change and Energy Jenny McAllister, independent MP for Warringah Zali Stegall, Liberal MP for Bass Bridget Archer, Greens leader Adam Bandt and ACOSS CEO Cassandra Goldie will speakfrom 7.45am. Who: ACOSS CEO Cassandra Goldie, Assistant Minister for Climate Change and Energy Jenny McAllister, independent MP for Warringah Zali Stegall, Liberal MP for Bass Bridget Archer and Greens leader Adam Bandt When: 7.45am - 9am Wednesday, June 26 Where: Committee Room 2R1, Australian…

  • Political
  • 26/06/2024
  • 05:59
NSW Teachers Federation

Survey reveals Hunter public schools stretched to breaking point

A survey of public school teachers and principals in Newcastle and the Hunter reveals how the combined impact of the $1.9 billion funding shortfall and teacher shortage is leading to merged classes, poorer student wellbeing and unsustainable workloads, the NSW Teachers Federation has warned.NSW Teachers Federation President Henry Rajendra will hold a doorstop with local teachers at Newcastle High School at 8:15am on Wednesday, 26 JuneThe survey of 664 principals and teachers across Newcastle and the Hunter found:● 46% have taught merged/split classes regularly or always;● 91% agree that “schools as a whole currently have difficulty in retaining teachers in…

  • International News, Political
  • 25/06/2024
  • 11:57
Monash University

Monash expert: Julian Assange plea deal

WikiLeaks founder Julian Assange will plead guilty to a felony charge in a deal with the US Justice Department that will free him from prison in the United Kingdom. A Monash expert is available to talk about the deal and the implications for journalism and whistleblowing. Associate Professor, Johan Lidberg, Head of Journalism, School of Media Film and Journalism Contact: +61 404 949 250 or Read more of Associate Professor Lidberg's commentary at Monash Lens “The news that Wikileaks founder, Julian Assange, is on his way home to Australia is welcome indeed. “Assange's legacy is complex. There were certainly…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.