What is the Commonwealth Trade Practices Act 1974?
What is the Commonwealth Trade Practices Act 1974?
The objectives of the Trade Practices Act 1974 (the 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 the purchaser) in price, quality and service; and to safeguard the position of …
What is Trade Practices Law Australia?
The Competition and Consumer Act 2010 (the Act) is a national law that regulates fair trading in Australia and governs how all businesses in Australia must deal with their customers, competitors and suppliers. The Act promotes fair trading between competitors while also ensuring that consumers are treated fairly.
Is the Trade Practices Act 1974 still in force?
The new Australian Consumer Law replaced previous Commonwealth, State and Territory consumer protection legislation in fair trading acts and the Trade Practices Act 1974 from 1 January 2011.
What replaced the Trade Practices Act 1974?
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 legislation relating to consumer protection and trade practices?
Consumer protection in New South Wales is governed by the Fair Trading Act 1987. This Act applies Australian Consumer Law, as defined in Schedule 2 of the Competition and Consumer Act, as the law in the state. The Act is administered by Fair Trading NSW, which is a division of the Department of Customer Service.
What is meant by consumer protection and trade practices?
11.21 The Trade Practices Act has provisions designed to ensure that certain goods meet particular standards and that dangerous goods are not sold. The Consumer Affairs Division of the Department of Industry, Science and Tourism oversees the enforcement of safety standards declared under the Trade Practices Act.
Who administers the Trade Practices Act?
The ACCC
The ACCC is an independent statutory authority that was established in 1995 to administer the Trade Practices Act 1974 (renamed the Competition and Consumer Act 2010 on 1 January 2011) and other acts.
Why is the ACCC so important to business in Australia?
The ACCC promotes competition and fair trade in markets to benefit consumers, businesses, and the community. Our primary responsibility is to ensure that individuals and businesses comply with Australian competition, fair trading, and consumer protection laws – in particular the Competition and Consumer Act 2010.
What is the Privacy Act 1988 Australia?
The Privacy Act 1988 (Privacy Act) is the principal piece of Australian legislation protecting the handling of personal information about individuals. This includes the collection, use, storage and disclosure of personal information in the federal public sector and in the private sector.
What is Section 18 of the Australian Consumer Law?
Section 18 of the ACL prohibits a person, in trade or commerce, from engaging in misleading or deceptive conduct. This prohibition is not limited to the supply of goods or services and creates a broad, economy-wide norm of conduct.
What legislation protects consumers in Australia?
The ACL is a national law to protect consumers. The Australian Competition and Consumer Commission (ACCC) alongside the state and territory consumer protection agencies jointly administer the ACL.
What Organisations does the ACCC work with?
Australian Communications and Media Authority.
What is the Trade Practices Act 1974?
An Act relating to certain Trade Practices. BE IT ENACTED by the Queen, the Senate and the House of Representatives of Australia, as follows: — Short title. 1. This Act may be cited as the Trade Practices Act 1974. Commencement. 2. (1) Sections 1 and 2 shall come into operation on the day on which this Act receives the Royal Assent.
Are the Restrictive Trade Practices Act 1971 and 1972 repealed?
Repeal. 3. The Restrictive Trade Practices Act 1971 and the Restrictive Trade Practices Act 1972 are repealed. Interpretation. 4. (1) In this Act, unless the contrary intention appears—
What is a Trade Practices Commission and Companies Ordinance?
“Commission” means the Trade Practices Commission established by this Act, and includes a member of that Commission or a Division of that Commission performing functions of that Commission; “Companies Ordinance” means the Companies Ordinance 1962-1974 of the Australian Capital Territory;
What is a tribunal in trade practices?
“Tribunal” means the Trade Practices Tribunal continued in existence by this Act, and includes a member of that Tribunal or a Division of that Tribunal performing functions of that Tribunal; “unsolicited goods” means goods sent to a person without any request made by him or on his behalf.
