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Posts Tagged ‘markups’
Featured, Gadgets, News - Monday, June 25, 2012 13:29 - 13 Comments
news Dozens of frustrated Australians describing themselves as concerned private citizens have flooded the Government’s IT price hike inquiry with hundreds of examples where they allege technology retailers and vendors have been ripping them off with unfair markups, while the major vendors concerned have yet to formally respond.
In late April, Communications Minister Stephen Conroy confirmed the Government would hold an official parliamentary inquiry into the issue of technology companies marking up goods and services for Australia, following a long-running campaign by Federal Labor MP Ed Husic. Husic has been raising the issue in Parliament and publicly since the beginning of 2011 (he was elected in the 2010 Federal Election), in an attempt to get answers from technology giants such as Adobe, Microsoft, Apple and others as to why they felt it was appropriate to price products significantly higher in Australia (even after taking into consideration factors such as exchange rates and shipping) than the United States.
In May, the House of Representatives Standing Committee on Infrastructure and Communications called for submissions to help inform the inquiry, publishing the terms of reference for the initiative on its web site. The results have demonstrated a strong groundswell of public anger about ongoing markups on technology goods sold in Australia. Of the 31 submissions made to the inquiry so far, 28 have been from individuals or small groups of individuals who have been frustrated by what they have seen as high prices in Australia.
“I am making my submission as an ordinary consumer of IT products,” wrote one respondent, Dane Weber, who focused their criticism on the price of software, games and music in Australia.
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