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….