Dec 14, 2017 Last Updated 4:28 PM, Dec 12, 2017

New Entry From the Editor :

Australian shopping empire Westfield sold to French property firm for $33 billion

Australian shopping empire Wes…

AusBN - Australian shopping mall juggernaut Westfield has been purchased by...

ASX introduces blockchain technology into trade settlement system

ASX introduces blockchain tech…

AusBN - Australian Securities Exchange (ASX) has become the first major glo...

Australia’s annual economic growth rate rises to 2.8%

Australia’s annual economic gr…

AusBN - Australia’s annual economic growth rate has risen to 2.8% aft...

Coles Express to end petrol price sharing

petrolAusBN – Retailer Coles Express has announced that it is terminating its subscription to a petrol price sharing information service that is claimed to reduce competition.

According to the Australia Competition and Consumer Commission (ACCC), the service offered by Informed Sources allows retailers to tell each other their petrol prices, and potentially increase them without risk of being undercut.

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Jetstar and Virgin misled customers

Virgin Australia HQ 1bAusBN – Airlines Jetstar and Virgin have been found guilty of deceiving customers over the price of booking airfares over the internet.

The Australian Competition and Consumer Commission (ACCC) took the airlines to court last year for “drip pricing” – where the true cost of an airfare is only revealed at the last stage of booking.

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