17.1 C
Sydney
Tuesday, May 17, 2022

Australian Competition and Consumer Commission receives reports of $100 rapid antigen tests

Must read

Best Forex Signals for Copy Trading

Forex copy trading is becoming an increasingly popular way for traders to trade the markets. This trading method involves using signals generated by other...

5 Steps to Video Marketing Success: A Beginners Guide

Today, the market is cluttered with independent videographers, filmmakers, and video editors. The competition has moved far beyond the quality of your videos. The...

Cryptocurrency Is Building Resilience in World Markets

The volatility of cryptocurrency prices is often seen as negative by those who are unfamiliar with the space. However, this volatility is also one...

NDIS Scheme? Everything You Should Know

What do you think about the new NDIS meals? Well, if you are new to the term and have no idea about the same,...


$100 for a rapid antigen test: Shock report reveals how Aussies are being rorted for RATs – and the biggest culprit is a surprising store

  • Australian Competition and Consumer Commission revealed RAT price gouging
  • Pharmacists received 879 complaints about them from Christmas to January 12 


Individual rapid antigen tests are selling for $100 with substantially more complaints made about pharmacists than any other kind of retailer.

The Australian Competition and Consumer Commission has compiled a list a complaints about price gouging for home testing kits. 

From Christmas Day to January 12, maximum prices surged from just $14 to $100 by January 7.

This was well above the wholesale costs of $3.95 to $11.45 for one test.

When it came to reported rip offs, pharmacists had the most complaints at 879 during the two-and-a-half week period followed by 283 for supermarkets and convenience stores and 272 for petrol stations.

Rapid antigen tests are selling for $100 with more complaints made about pharmacists (pictured is a stock image of a Sydney chemist)

ACCC chair Rod Sims said retailers selling RATs at a huge mark-up needed to explain themselves. 

‘We are asking those businesses to urgently explain the prices they are charging,’ he said.

Since October, the Therapeutic Goods Administration has approved 22 test kits, with 16 of them made in China.

With Chinese New Year coming up on February 1, Chinese factories are set to close, further delaying supplies.

Australia’s TGA didn’t approve its first self-administered rapid antigen test until October 2021.

Since October, the Therapeutic Goods Administration has approved 22 test kits, with 16 of them made in China (pictured is a Chinese-made example listed for less than $25)

Since October, the Therapeutic Goods Administration has approved 22 test kits, with 16 of them made in China (pictured is a Chinese-made example listed for less than $25)

The American Food and Drug Administration approved the first over-the-counter home testing kit in December 2020.

The UK’s Medicines and Healthcare products Regulatory Agency (MHRA) approved the first lateral flow test kit in January 2021.

Rapid antigen tests in Australia have quickly sold out at chemists and supermarkets after National Cabinet, on January 5, announced they would be allowed to confirm a positive Covid test.

The measure was designed to people from having to queue up for hours at a Covid testing clinic to get a PCR or polymerase chain reaction test. 

Advertisement



Source link

- Advertisement -

More articles

- Advertisement -

Latest article

Best Forex Signals for Copy Trading

Forex copy trading is becoming an increasingly popular way for traders to trade the markets. This trading method involves using signals generated by other...

5 Steps to Video Marketing Success: A Beginners Guide

Today, the market is cluttered with independent videographers, filmmakers, and video editors. The competition has moved far beyond the quality of your videos. The...

Cryptocurrency Is Building Resilience in World Markets

The volatility of cryptocurrency prices is often seen as negative by those who are unfamiliar with the space. However, this volatility is also one...

NDIS Scheme? Everything You Should Know

What do you think about the new NDIS meals? Well, if you are new to the term and have no idea about the same,...

What are the Best Options for Antivirus Software in 2022

Security software is essential in 2022. Cyber attacks against both businesses and individuals are increasing, and so it is a smart decision to purchase...