‘Outrageous’: ACCC to name and shame rapid test price-gougers

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 90%

Australia Headlines News

Australia Latest News,Australia Headlines

Competition watchdog chairman Rod Sims has pledged to name and shame retailers price gouging customers for rapid COVID-19 tests, after service stations and convenience stores were found to be charging as much as $70 for a single kit.

Competition watchdog chairman Rod Sims has pledged to name and shame retailers that are resorting to price-gouging for

Already, more than 40 test suppliers, pharmacies and big retailers have been asked to explain their pricing of rapid kits, along with wholesale costs and stock availability.More than 1800 reports from the public have been received since Christmas Day and the ACCC is receiving an average of 150 reports each day.More than 870 reports received had been about pharmacies, accounting for 47 per cent of all complaints.

Since January 7, the average and the highest prices reported to the ACCC have increased to about $24, and $80 to $100, respectively.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Name & shame the politicians who failed to anticipate basic demand for tests posts lockdown. N&S the PM who tells everyone to take personal reaponsibility while distributing free RATS to his MP’s after requisitioning supply. Everything else is just normal supply & demand outcomes

Greed gets in the way of the greater good for public health. Effectively these people are complicent in people dying and spreading the virus because can’t afford to be tested

Thank goodness for the photo. I was wondering what a RAT looked like.

We’ll, go on, do it

Isn't it standard government policy to pay 5 times as much for anything they contract out? Does the ACCC look at any government contracts?

The Broadway shopping centre pharmacy charged me $82!!!!

Name and shame. Yeah fkn right. They can charge whatever the fk they want. Simple supply and demand. Why don’t you name the guy up the rd who sold his house for $2m over reserve. Same same.

Then Name and shame the govt, Everywhere else they are free.

Naming and shaming such an effective deterrent to bad behaviour, isn’t that right Gerry Harvey?

And we call that PROFITEERING. Disgraceful.

igaAustralia $43.95.

So is the furniture store selling RATs for at least 3 times what they paid for them (not counting any Federal Govt money they probably paid for them with) actually profiteering more than the servo who sells them with 100% mark-up?

political_alert Market working. Blame ScottyDoesNothing & his merry blunderers for creating this outcome. It’s why publichealth can’t be left to the forces of supply & demand. Hold your ire in reserve for ausvotes2022 when you can put it to action & VoteOutTheLNP auspol covid19aus

political_alert Oooh! They must be shaking in their designer boots!

political_alert This must be that can-do capitalism Scott was talking about before

Named and shamed but tangible no action taken?

political_alert I’ve seen them for $99

Supply and demand 🙃

Should be name, shame and fine.

Good that this will be done, but it is a bit late so many people had no access to test kits and couldn't pay these ridiculous prices. These businesses have already made so much money from people's misfortune😡

Oh, whatever will they do. Named and shamed. How will they recover. Oh the humanity. Toothless tiger.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ACCC’s Sims demands RAT price gougers ‘urgently explain’ $100 price tagThe consumer and competition watchdog is scrutinising businesses charging more than $20 per rapid test. hijessicayun Another “pleads explain”, like petrol price gouging. Nothing ever happens. hijessicayun they have to make a buck before the government gives us all free RATs hijessicayun unlucky
Source: smh - 🏆 6. / 80 Read more »

RAT race: The extreme sport of finding rapid antigen tests in AustraliaPeople desperate for rapid antigen tests are turning to Airtasker, Facebook groups and friends overseas in search of the coveted tests as authorities investigate reports of price gouging. We're all just rats in an impossible RAT maze being overlooked by our sadistic gov.
Source: brisbanetimes - 🏆 13. / 67 Read more »

Retailers found to be price gouging rapid tests could face $10 million finesAustralia&x27;s consumer watchdog says it is being flooded with complaints that some retailers are unfairly hiking up the cost of COVID-19 rapid antigen tests. This could have been avoided if it had been done through medicare via a chemist or GP it is cheaper than a PCR test as a first step so would have saved the government money. A DORECT RESULT OF MORRISON GOV GRUBS ALLOWING THEIR GREEDY CORPORATE MATES TO PRICE GOUGE AUSTRALIANS WHILE THEIR GROSS INCOMPETENCE ENSURED A MASSIVE UNDERSUPPLY. ELECTION NOW THE LNP ARE TOXIC!! Easy fix … don’t buy them
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Morrison’s election weapon is a $2.5trn property paydayForget about rapid tests and Novak Djokovic. One of the greatest wealth-creating events of voters’ lives will favour the Coalition at the election. Did the Coalition write this? I am astonished by the writer’s supreme ignorance for saying Morrison Government has made Australians feel richer on the back of high property price. Does he know that this Govt. screwed up Australia for generations to come by racking up highest household debt in the world? What bootlicker wrote this. Intergenerational wealth theft and widening class divide is not something to be proud of. Even if you are lucky enough to secure property today you are saddled with unprecedented debt locking you into a life of servitude to the banking sector. Gross
Source: FinancialReview - 🏆 2. / 90 Read more »

Huge boost to rapid tests in VictoriaThe first three million rapid tests purchased by the Victorian government have arrived in the state and will be handed out to high-risk areas from Monday. Stop new variant spread by avoiding close contact and using free BostApp instead to safely communicate with people at same location. Download for free at Apple & Google
Source: newscomauHQ - 🏆 9. / 77 Read more »

Queensland records 19,709 new local COVID-19 casesGreece is going to fine those over 60 who aren't vaxxed. A hundred euros a month. We need to bring the same in here for anyone 18+ and make it a minimum $250/month fine. All thanks to the Morrison and Perrottet LNP gov’s lethally irresponsible wilfully negligent corporate greed driven open uper no matter how many die agenda AGAINST medical advice THAT IS KILLING PEOPLE AND DESTROYING MILLIONS OF LIVES. Election now the LNP are toxic!! The governor of California said that the majority of infected people have 2 jabs so wearing masks has become more important.
Source: SkyNewsAust - 🏆 7. / 78 Read more »