ACCC warns customers over excessive price rises due to carbon tax

11 May 2012

1

The Australian Competition and Consumer Commission (ACCC) has warned customers about businesses claiming excessive price rises due to the carbon tax.

According to the ACCC, it was in the process of investigating around 100 misleading or deceptive claims made in respect of  the tax.

Included among the companies was a brick supplier who claimed a cost increase last month was due to the tax, which had not been implemented yet. ACCC chairman Rod Sims said he did not want consumers to blindly accept price hikes because of the carbon tax.

He said, if a business say, a year ago put up prices or tried to put up prices by 10 per cent, customers would push back and look for other options. He said what was not needed on 1 July was people being duped into accepting a price increase because they believed wrongly that it was associated with the carbon price.

Just weeks before the carbon tax was due to come into effect, the consumer watchdog has warned of a crackdown on sharp  sales reps and sharks who were trying to make a fast buck.

According to the ACCC, it had received complaints about companies telling potential customers to buy now and beat the carbon tax.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more