BA 3340 Lecture Notes - Lecture 99: Ssion, Exclusive Dealing, Policy Review
Document Summary
S 18: misleading or deceptive conduct s 29: false representations. Primary responsibility: to ensure individuals and businesses comply with commonwealth consumer protection, fair trading and competition/trade practices laws (cid:2) Until 1995, was the trade practices commission (tpc) (cid:2) Misleading or deceptive conduct, misrepresentation and unconscionable conduct in relation to financial services are caught by the australian securities and investments commission act 2001. The person acquires goods or services values at less than ,000; or. The person acquires goods or services of a kind ordinarily acquired for personal, domestic or household use (of any value); or. A person who purchases products for resupply or for transformation in trade or commerce. The unconscionability provisions provide consumers (and small business) with protection from unconscionable (unfair) conduct. Unconscionable conduct: occurs when one party to a transaction is at a disadvantage, because of: Language (i. e. non-english speaking) and the other party takes advantage of this for gain.
