ASIC is an independent Commonwealth Government body and was set up under and administer the Australian Securities and Investments Commission Act 2001 (ASIC Act). A clear request as to the information required and the timeline for providing a response.

Every business owner should know their obligations under the Competition and Consumer Act 2010 (the Act), but also in responding to any ACCC notifications and …

All Content provided "as is" without warranty of any kind. The ACCC, ASIC and the State and Territory consumer protection agencies have prepared guides to help businesses and legal practitioners to understand key elements of the ACL. The Content is general information only.

[12] It won a case on 24 March 2016 against Valve for failing to provide refunds for faulty products, and making representations that domestic consumer guarantees did not apply to purchases using the Steam client.

The future of access regimes for non-vertically integrated monopolies, The ACCC is examining the digital advertising supply chain; now is the time to be heard, Agent v Principal? The ACCC's deeper origins are found in the Restrictive Trade Practices Act of Sir Garfield Barwick, Attorney-General in the Liberal Government of Sir Robert Menzies in 1965. states continue to treat minimum RPM as per se unlawful). Australia. The maximum possible fine is the larger of A$10,000,000; or three times the value of the illegal benefit; or (if the value of the benefit cannot be ascertained) 10% of turnover for the preceding 12 months. The ACCC has started an inquiry into digital advertising & ad tech with the aim of identifying exactly what is wrong & to fix it.

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Reach out on 1300 544 755 or email us at info@legalvision.com.au, Kristine is a lawyer and is part of LegalVision’s, Need Legal Help?

ASIC carries out most of its work under the Corporations Act 2001 (Corporations Act). Overview of the regulatory framework including ASIC, ACCC, APRA, ATO & CDPP & DPP. Employment & Labor/COVID/Remote Working – Here to Stay?

The ACCC has recently cracked down on the waste management sector in relation to their use of unfair contract terms (UCT) in standard form contracts.Further, the ACCC is advocating for the "toughening up" of UCT laws in order to ensure that large businesses toe the line. Mondaq shall use its reasonable endeavours to make the Website and Services available to you at all times, but we cannot guarantee an uninterrupted and fault free service.

notification. that uses technology to deliver a faster, better quality and more cost-effective client experience.

The proposed law, called the News Media Bargaining Code, achieved broad support in parliament but staunch opposition from Facebook and Google. Mondaq may terminate your use of the Website and Services if you are in breach of these Terms or if Mondaq decides to terminate the licence granted hereunder for any reason whatsoever. Australia’s consumer watchdog, the ACCC, have certain legal powers that allow them to enforce competition and consumer laws, including the collection of information from individuals and business owners. times over more than two years, 242 of which were adopted. Individuals may be fined up to $500,000 and since 2009 certain offences under the Competition and Consumer Act (such as price fixing or participation in a cartel) have been criminalised with executives who engage in conduct which contravenes the relevant provisions liable for a custodial sentence of up to 10 years in prison (44ZZRF and 44ZZRG of the CCA). minutes to complete and all responses are anonymous. ACCC does not object within 14 days. Although ACCC notification can provide protection, the ACCC will [9] In 2008 the ACCC published findings of its inquiry into the competitiveness of retail prices for groceries in Australia. It may also be used in legal proceedings that arise from the investigation. This case highlights the ACCC's recent and renewed focus on We appreciate your feedback – your submission has been successfully received. Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice): Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below. If the ACCC does object, it In certain circumstances, the ACCC may allow an extension – both to produce the documents and to vary the time to respond – but you must apply in writing. provided they restrict only advertised, not actual, resale prices, The ACCC also has power to accept, on its on behalf, court enforceable undertakings under s87B of the Competition and Consumer Act. Mondaq and/or its Contributors and other suppliers hereby exclude and disclaim all representations, warranties or guarantees with regard to the Content, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. [10] In September 2009 the ACCC reached agreement with Coles and Woolworths to phase out restrictive lease agreements.

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