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Iselect accc

WebMar 20, 2024 · The latest Iselect Limited [ISU] news, articles, data and analysis from The Australian Financial Review ... The ACCC says thousands of consumers who visited the comparison website between November ... WebOct 9, 2024 · October 9, 2024 7 min read. iSelect is a price comparison website. It (and all its dodgy cohorts) pretend to offer you the best deal on a range of mobile, internet, electricity, human and pet insurance, home and personal finance…. Except in 99.9% of the time they don’t. Well, to be fair the ACCC says iSelect only ripped off 38% of its ...

iSelect in court over alleged misleading claims about energy plan ...

WebOct 8, 2024 · The $8.5 million penalty was approved by the Federal Court after iSelect and the ACCC made joint submissions in which iSelect admitted liability. In a statement to the … WebApr 12, 2024 · Comparison service iSelect has wound up in court after the Australian Competition and Consumer Commission (ACCC) alleged that its energy plan comparison … is the first day of spring always march 20th https://conservasdelsol.com

ISU News, Analysis, Announcements & Results Iselect Limited

WebApr 15, 2024 · IHA is now considering acquiring up to an additional 6 per cent of the shares of iSelect. The ACCC found that an IHA shareholding in iSelect of up to 35 per cent would be unlikely to substantially lessen competition in any potential market for comparison services, including in any specific product category, such as health insurance. ... WebiSelect admitted liability and consented to the orders sought by the ACCC, including the AUD 8.5 million penalty and an order to publish corrective advertising. what you need to know - key takeaways Comparison websites must take care if representing themselves as a neutral comparison tool, when in fact, recommendations may be influenced or ... WebApr 15, 2024 · The ACCC launched an investigation in November after Innovation Holdings said it was considering increasing its existing 29% stake in iSelect by up to 6%. The regulator says the proposed investment would be unlikely to substantially lessen competition in any potential market for comparison services, including in any specific product category. is the first dare stone authentic

iSelect penalised $8.5m for misleading consumers comparing

Category:Why the iSelect (ASX:ISU) share price is rocketing 5% Thursday

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Iselect accc

AMENDED- ACCC-IHA

WebOct 8, 2024 · In fact, about 38 per cent of people who compared electricity plans with iSelect at that time may have found a cheaper plan if they had shopped around or used the … WebNov 5, 2024 · The ACCC is investigating acquisitions by Innovation Holdings Australia Pty Ltd. that would provide it with approximately 35 per cent of the shares of iSelect Limited …

Iselect accc

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WebOct 8, 2024 · Chair of the Australian Competition and Consumer Commission (ACCC), Rod Sims, said comparison websites like iSelect need to act responsibly toward their customers. “It can be complex and confusing for consumers to compare prices and other features of electricity services in a bid to get the best deal for what often is a major household ... WebThe ACCC says iSelect has been favouring some partner retailers over others for a higher commission. (AAP) The consumer watchdog says price compare website iSelect misled …

WebOct 8, 2024 · The ACCC and iSelect also made joint submissions in relation to the appropriate penalty and the Court has ordered iSelect to pay a penalty of $8.5 million. The … WebOct 8, 2024 · The federal court of Australia has fined iSelect $8.5m for engaging in deceptive conduct over its electricity plans. ... the ACCC said. The watchdog’s chair, Rod Sims, said …

WebApr 15, 2024 · IHA already owns approximately 29 per cent of the shares of iSelect, which it acquired through a series of acquisitions beginning in 2024 without prior consultation … WebThis is not the first time iSelect has run afoul of the consumer watchdog. In 2007, the ACCC took it to task over misleading representations about the range of health insurance policies it compared.

WebApr 12, 2024 · An iSelect spokeswoman confirmed the ACCC had begun proceedings. In an ASX announcement on Friday, the company said its energy comparison service "strengthens competition, ethically and in ...

WebApr 12, 2024 · Mr Sims said the ACCC’s retail, electricity pricing inquiry recommended a mandatory code for comparison websites, which would mean that iSelect would have been unable to implement its ... is the first coordinate x or yWebDec 2, 2024 · The ACCC heard concerns from some market participants that Compare the Market and iSelect closely compete. The ACCC considers it unlikely that IHA acquiring the remaining shares in iSelect will substantially lessen competition in any market. One of the major factors for this view is that only a small minority of consumers buy insurance, … is the first floor the ground floorWebApr 12, 2024 · Comparison service iSelect has wound up in court after the Australian Competition and Consumer Commission (ACCC) alleged that its energy plan comparison service was misleading. The watchdog alleges that since November 2016 iSelect has claimed consumers using its website would benefit from iSelect comparing all plans … is the first day of spring always march 20WebOct 8, 2024 · Product comparison site iSelect has been ordered to pay $8.5 million in penalties for deceiving customers who used its website to compare energy plans. iSelect … is the first day of spring ever march 21WebOct 2, 2024 · Ultimately, it decided IHA could buy up to a 35 per cent stake in iSelect in a ruling last year. Advertisement IHA returned with a $72 million bid for buy iSelect in August, subject to ACCC approval. is the first day of the week sunday or mondayWebApr 12, 2024 · The Australian Competition and Consumer Commission (ACCC) started proceedings in the Federal Court on Friday, claiming iSelect had limited power bill … iguana-on-a-stickWebAug 10, 2024 · iSelect founder Damian Waller, pictured prior to the company’s listing in 2013. The price represented an 87.5 per cent premium to the last close and valued its … iguanas bottomless brunch