What does the Competition and Consumer Act 2010 cover?
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 does the Competition and Consumer Act prohibit?
Section 45 of the Competition and Consumer Act prohibits contracts, arrangements, understandings or concerted practices that have the purpose, effect or likely effect of substantially lessening competition in a market, even if that conduct does not meet the stricter definitions of other anti-competitive conduct such as …
Who does the Competition and Consumer Act applies to?
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 action can ACCC take?
What we can do for consumers. We can: accept and record your reports of information about business practices and behaviours that are of concern to you. We will respond to your report where we have information that may help you, or you have asked a question about your rights or obligations under the law.
What are the six banned anti-competitive practices?
Examples of anti-competitive behaviour include cartel conduct, anti-competitive agreements, exclusionary provisions (boycotts), misuse of market power, exclusive dealing and resale price maintenance.
What behaviors are considered as unfair business practices and anti-competitive arrangements?
Anticompetitive practices include activities like price fixing, group boycotts, and exclusionary exclusive dealing contracts or trade association rules, and are generally grouped into two types: agreements between competitors, also referred to as horizontal conduct.
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 …
Does the ACCC govern all states?
Our structure. 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. Appointments to the ACCC involve participation by Commonwealth, state and territory governments.
Is there a retrospective amendment to the competition and consumer legislation?
General Comments: This compilation is affected by a retrospective amendment, please see Competition and Consumer Legislation Amendment Act 2011 [Act No. 184, 2011], for details. This compilation is affected by a retrospective amendment, please see Statute Law Revision Act 2012 [Act No. 136 of 2012], for details.
How is a donation treated under the competition and Consumer Act?
(b) receipt of any donation of goods or services is treated as an acquisition of the goods or services. (1) A body corporate is taken to be related to another body corporate if the bodies corporate would, under section 4A (5) of the Competition and Consumer Act, be deemed to be related to each other.
What does Commission mean in the competition and Consumer Act?
“Commission” has the same meaning as in section 4 (1) of the Competition and Consumer Act. “Commonwealth mandatory standard” , in relation to goods, means a mandatory standard in respect of the goods imposed by a law of the Commonwealth. “Commonwealth Minister” means the Minister who administers Part XI of the Competition and Consumer Act.
What does’banker’mean in the competition and Consumer Act?
“banker” has the same meaning as in section 4 (1) of the Competition and Consumer Act. “ban period” for an interim ban: see section 111 (1). “business” includes a business not carried on for profit. “business day” , in relation to an unsolicited consumer agreement , means a day that is not: