🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-ACCC Says Telstra To Pay $10 Mln For Misleading Premium Billing Charge Representations

Published 26/04/2018, 04:53 pm
© Reuters.  BRIEF-ACCC Says Telstra To Pay $10 Mln For Misleading Premium Billing Charge Representations

April 26 (Reuters) - Australian Competition and Consumer Commission:

* TELSTRA TO PAY $10 MILLION FOR MISLEADING PREMIUM BILLING CHARGE REPRESENTATIONS

* ACCC IS NOW EXAMINING THIRD PARTY BILLING SERVICES OFFERED BY OTHER CARRIERS

* TELSTRA HAS CEASED OPERATING PREMIUM DIRECT BILLING SERVICE ENTIRELY AND WILL REFUND CUSTOMERS AFFECTED BY ITS CONDUCT

* COURT HELD, BY CONSENT, TELSTRA MISLED CUSTOMERS, BREACHED ASIC ACT WHEN IT CHARGED THEM FOR DIGITAL CONTENT WHICH THEY UNKNOWINGLY PURCHASED

* ESTIMATES FURTHER REFUNDS MAY BE IN THE ORDER OF SEVERAL MILLION DOLLARS

* TELSTRA ADMITTED MORE THAN 100,000 CUSTOMERS MAY HAVE BEEN AFFECTED & HAS COMMITTED TO OFFER REFUNDS TO THESE CUSTOMERS

* TELSTRA ESTIMATES IT PROVIDED REFUNDS OF AT LEAST $5 MILLION, & WILL REVIEW ANY FUTURE COMPLAINTS & DEAL WITH THOSE CUSTOMERS IN GOOD FAITH

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.