March 26 (Reuters) - ACCC:
* COMMENCED PROCEEDINGS AGAINST TELSTRA, UNDER A DELEGATION OF POWER FROM ASIC, ALLEGING THAT IT MADE FALSE OR MISLEADING REPRESENTATIONS
* FALSE OR MISLEADING REPRESENTATIONS TO CONSUMERS IN RELATION TO ITS THIRD-PARTY BILLING SERVICE KNOWN AS “PREMIUM DIRECT BILLING
* TELSTRA HAS ADMITTED THAT MORE THAN 100,000 CUSTOMERS MAY HAVE BEEN AFFECTED AND CHARGED
* TELSTRA ACKNOWLEDGED ITS INTERNAL PROCESSES FOR DEALING WITH THESE ISSUES WERE INADEQUATE AND WILL REFUND CUSTOMERS AFFECTED BY THIS CONDUCT
* AS PART OF THE RESOLUTION, TELSTRA HAS CEASED OPERATING THE PDB SERVICE ENTIRELY. Source (https:// Further company coverage: TLS.AX