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On 1 January 2011, Australia's consumer protection laws will be replaced by new legislation. While the majority of the new laws do not substantially change your existing obligations when dealing with consumers and businesses, there are some new provisions which will affect all suppliers of consumer type goods or services.
This article tells you what you need to do now and early next year to ensure compliance with the new laws and address risks.
The above consumer law reforms follow on the back of the recently introduced single figure pricing laws, unfair terms regime, new penalties for breaches of consumer protection provisions and new enforcement powers given to the ACCC, including substantiation notices and infringement notices.
The Myer continuous disclosure class action decision1 is a landmark: the first judgment in a securities class action in Australia, and the first case explicitly accepting “market-based causation...
The recent Federal Court judgment Lucas v Zomay Holdings Pty Ltd is a reminder to all contracting parties that a preliminary agreement is immediately binding, even when you are expecting to enter...
With significant regulatory change coming into effect the spotlight is staying firmly on
culture, ethics and regulatory compliance. An organisation’s social licence to operate
remains a priority...