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

  • Political, Property Real Estate
  • 07/12/2023
  • 18:08
Everybody's Home

Government urged to act on rental crisis

Everybody’s Home is urging the Albanese government to act on the rental crisis by listening to the people on the frontlinewho continue to bear an unaffordable, unfair housing market. In the final report from the inquiry into the worsening rental crisis, the majority of Senators have ignored evidence on the need to limit rent increases, protect renters’ rights, and reduce Australia’s reliance on private landlords. But Everybody’s Home spokesperson Maiy Azize says the government still has the power to act. “The housing system in Australia is broken and renters are paying the price. Unaffordable rents, insecure tenancies, inadequate rights -…

  • Finance Investment, Political
  • 07/12/2023
  • 13:16
Super Members Council

Advice reforms to provide Australians the information they need to plan for retirement

7 December 2023 Government proposed changes to financial advice will help more Australians get the quality information they need to plan for retirement, says the Super Members Council (SMC). With about 2.5 million Australians expected to retire over the next 10 years, providing high-quality advice in a cost-effective way at scale is a major missing piece in the retirement puzzle. Super funds are the first port of call for many nearing retirement with SMC analysis of Susan Bell Research showing three quarters of Australians would trust the financial advice provided by funds. “From a system level, we need to ensure…

  • Government VIC, Political
  • 07/12/2023
  • 12:30
Massage & Myotherapy Australia

Massage sector welcomes second round consultation on sex work decriminalisation in QLD

Massage & Myotherapy Australia has welcomed the second-round consultation on sex work decriminalisation in Queensland, as a responsible approach to implementing these reforms. ‘While we welcomed the recent findings of the Queensland Law Reform Commission (QLRC), they seem to have missed the fact that sex work disguised and advertised as massage has grievous consequences for legitimate massage therapists and migrant women.’ Ann Davey, CEO Massage & Myotherapy Australia said, ‘The second round of consultations have allowed the massage sector to present the many studies completed here and overseas that unequivocally show that massage is used as a camouflage that enables…

Media Outreach made fast, easy, simple.

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