Categories
Australia Market Australia Popular Stocks

Australian funeral industry ‘on notice’ as Propel Funeral (ASX:PFP) fined by ACCC

Australian funeral industry ‘on notice’ as Propel Funeral (ASX:PFP) fined by ACCC

Sumary of Australian funeral industry ‘on notice’ as Propel Funeral (ASX:PFP) fined by ACCC:

  • Home / Share Market News / Australian funeral industry ‘on notice’ as Propel Funeral (ASX:PFP) fined by ACCC The Propel Funeral Partners Ltd (ASX:..
  • PFP) share price has risen slightly today, despite news that the Australian Competition and Consumer Commission (ACCC) fined two of the company regional businesses…
  • WT Howard Funeral Services in Taree and Coventry Funeral Homes in Townsville both continued to advertise themselves as “proudly local and independently owned”..
  • The ACCC fined both businesses $12,600 for making false and misleading representations about their ownership, which led the Commission to warn the funeral sector that it plans to crack down on the industry…
  • ACCC cracks down on ASX funeral companies The ACCC publicly hit out at the industry last month in its Compliance and Enforcement Priorities report…
  • Competition and consumer issues in the funeral services sector have long provoked complaints from the public, governments and generated stories in the media…
  • Not least because many consumers engage with the funeral sector at a time when they are grieving, vulnerable and thereby at a disadvantage…
  • As some funeral service providers also have a large share of different services across the funeral home, cemetery and crematoria markets, there is an opportunity for these providers to bundle services and block new entrants to the market….

Want to know more click here go to source.