What are the main aspects of the Competition and Consumer Act 2010?
The Competition and Consumer Act 2010 (which replaced the Trade Practices Act 1974 on 1 January 2011) aims to give businesses a fair and competitive operating environment. It covers anti-competitive conduct, price fixing, unconscionable conduct and other issues, such as advertising.
What is the Australian Competition and Consumer Act 2010?
The Competition and Consumer Act 2010 (CCA) covers most areas of the market: the relationships between suppliers, wholesalers, retailers, and consumers. Its purpose is to enhance the welfare of Australians by promoting fair trading and competition, and through the provision of consumer protections.
Is the CCA the ACL?
State, territory and federal regulators including the Australian Competition and Consumer Commission (ACCC) enforce the ACL. Only the ACCC enforces the competition law, which is set out in the CCA. If a business fails to comply with its obligations under the ACL or CCA, it is breaking the law.
How do you reference the ACL?
You can cite the ACL as Competition and Consumer Act 2010 (Cth) sch 2 (‘Australian Consumer Law’). See AGLC3 r 3.9.
How does the Competition and Consumer Act protect consumers?
The Competition and Consumer Act 2010 (CCA) covers the relationships between suppliers, wholesalers, retailers and customers. Its purpose is to promote fair trading and competition, and provide protections to customers. The CCA covers: product safety and labelling.
What are the two main objectives of the Trade Practices Act Competition and Consumer Act?
The objectives of the Trade Practices Act are to prevent anti-competitive conduct, thereby encouraging competition and efficiency in business, and resulting in a greater choice for consumers (and business when they are purchaser) in price, quality and service; and to safeguard the position of consumers in their …
What does the Competition and Consumer Act protect consumers from?
The Competition and Consumer Act 2010 (CCA) covers the relationships between suppliers, wholesalers, retailers and customers. Its purpose is to promote fair trading and competition, and provide protections to customers.
What are the most common breaches of the Competition and Consumer Act?
Infringement Notices false or misleading conduct. pyramid selling. certain product safety and product information provisions.
What’s an ACL injury?
An ACL injury is a tear or sprain of the anterior cruciate (KROO-she-ate) ligament (ACL) — one of the strong bands of tissue that help connect your thigh bone (femur) to your shinbone (tibia).
What is a consumer under ACL?
The definition of ‘consumer’ under the ACL currently captures any person who acquires goods or services for an amount not exceeding $40,000 (or where the goods were acquired for personal, domestic or household use).