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Australian Consumer Law: The Competition And Consumer Act 2010

301 Words2 Pages

The Competition and Consumer Act 2010 contains the Australian Consumer Law. This national piece of legislation offers protection to consumers and commenced on 1 January 2011. It replaces a host of state, territory, and national laws in one cohesive package. Section 29 specifically forbids the making of false or misleading representations in respect of supply or possible supply of goods and services. Businesses found breaching this section can be held liable for large financial penalties. Most importantly, a director may be found personally liable under this section. The consequence is that a director could be required to pay penalties, not only for each contra- vention but also for any legal costs involved in defending the alleged breach. The

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