BTC1110 Study Guide - Final Guide: Consumer Protection, Reckitt Benckiser, Australian Consumer Law
8 Aug 2018
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Purpose of consumer protection law: it protects consumers, it prevents businesses from gaining an unfair competitive advantage. The australian consumer law (acl) is administered by the australian competition and. Damages s236 = to compensate for loss or damage caused by a breach of the acl. Compensation orders ss237-238 = an order to compensate a person who has. Injunctions s232 = a court order to stop or prevent a contravention suffered loss or damage because of an unfair term in a consumer contract. Penalties that may also be imposed, either civil (pecuniary penalties) or criminal (fines). The maximum amounts are . 1 million for corporations and ,000 for individuals. S18(1) - a person must not, in trade or commerce, engage in conduct that is misleading or deceptive or is likely to mislead or deceive . Because this is so broad, no pecuniary penalties or fines may be imposed for its breach. However, the full range of civil remedies are available.
