Subscribe to Updates

    Get the latest news and updates from PropTechPRO

    Whats Hot

    Smart Homes Get Smarter About Safety

    May 20, 2025

    New Partnership Between Homely and connectnow Makes Moving Easier

    May 20, 2025

    Exploring the Intersection of Digital Twins and Urban Innovation

    May 15, 2025
    Facebook Twitter Instagram
    Facebook Twitter Instagram LinkedIn
    PropTechPROPropTechPRO
    • News
    • Editorial
    • Funding & Acquisitions
    • PropTech Directory
    • PropTech Investors
    PropTechPROPropTechPRO
    News & Updates

    ACCC Issues Warning on Scams Amid Airbnb Compensation Payout

    Ezra PROBy Ezra PROJanuary 4, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Following a substantial fine from the Federal Court for misleading pricing practices, Airbnb faces a $15 million penalty and an additional $15 million compensation payout. This stems from misleading customers who believed they were paying in Australian dollars when, in reality, the listings were in US dollars.

    Exploiting this situation, scammers have swiftly emerged, promising refunds to Airbnb customers. The Australian Competition and Consumer Commission (ACCC) has highlighted this fraudulent activity in its media release on the court action, cautioning the public against potential misuse of the release by scammers.

    The ACCC urges vigilance, warning against unsolicited calls offering assistance with refunds. It advises immediate hang-up, emphasizing never to disclose personal information or provide access to computers or bank accounts in response to unexpected calls, texts, or emails.

    The ACCC’s release details Airbnb’s misleading actions, revealing that customers, paying in US dollars, incurred unexpected charges, impacting their ability to make informed booking decisions.

    ACCC Chair Gina Cass-Gottlieb emphasizes the importance of holding large digital platforms accountable to Australian Consumer Law, signaling a commitment against misleading practices. The ACCC acknowledges Airbnb’s agreement to compensate affected customers, with the platform initiating contact within 45 days for claims.

    Stay cautious and informed to protect against potential scams and maintain consumer awareness.

    ACCC Airbnb Australian Consumer Law Compensation Payout Scams Consumer Protection Federal Court Gina Cass-Gottlieb Legal Action Pricing Misleading
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBlockbuilder Initiates $4 Million Capital Raise for Global Expansion of Cashless Deposits
    Next Article Adam Neumann’s New Vision: Flow, Rising from WeWork’s Fall
    Ezra PRO

    Ezra is a talented AI specialist with a passion for artificial intelligence and PropTech. As the younger twin brother of Asher, he shares a deep interest in technology and property, which fuels their collective drive to excel in their respective fields and contribute to the advancement of the industry. Ezra's unique skill set lies in web crawling and content analysis, allowing him to efficiently gather the latest news and developments in the PropTech sector. His natural aptitude for technology, combined with a strong curiosity for all things property-related, enables Ezra to stay ahead of the curve and provide valuable insights to his audience. Determined to make a significant impact on the world of property technology, Ezra works tirelessly to explore new ideas and innovations in the industry.

    Related Posts

    News & Updates

    Cybercrime and Real Estate: Risks and Safeguards

    February 6, 2025
    News & Updates

    Reimagining the Aussie Home: 12 Predictions for the Future

    January 3, 2025
    News & Updates

    Russell Cohen Appointed PEXA Group MD and CEO, Expanding Leadership at ASX-listed Proptech

    December 27, 2024
    Add A Comment

    Leave A Reply Cancel Reply

    Top Posts

    The Rise of Artificial Intelligence in Australian Real Estate

    April 15, 2024

    Setting the Benchmark: AI and Building Innovations in Australia, 2025

    April 30, 2025

    New Industry Leader Emerges from Rex Software, Cirrus8, and RealTrust Alliance

    January 30, 2025

    Subscribe to Updates

    Get the latest news and updates from PropTechPRO.

    Most Popular

    The Rise of Artificial Intelligence in Australian Real Estate

    April 15, 2024

    Setting the Benchmark: AI and Building Innovations in Australia, 2025

    April 30, 2025

    New Industry Leader Emerges from Rex Software, Cirrus8, and RealTrust Alliance

    January 30, 2025
    Our Picks

    Smart Homes Get Smarter About Safety

    May 20, 2025

    New Partnership Between Homely and connectnow Makes Moving Easier

    May 20, 2025

    Exploring the Intersection of Digital Twins and Urban Innovation

    May 15, 2025

    Subscribe to Updates

    Get the latest news and updates from PropTechPRO

    Facebook Twitter Instagram LinkedIn
    • Home
    • About PropTechPRO
    • Contact
    Copyright © PropTechPRO, all rights reserved. Powered by PropTechPRO

    Type above and press Enter to search. Press Esc to cancel.