By David Jacobson Treasury has released for consultation exposure draft legislation to amend the Australian Consumer Law (ACL).
The Bill will amend the ASIC Act, ACL and the Competition and Consumer Act to clarify and strengthen consumer protections relating to financial services, consumer guarantees, voluntary recalls, unsolicited consumer agreements, product safety, false billing, unconscionable conduct, pricing and unfair contract terms.
Amongst other things the amendments:
• ensure that the terminology used in the consumer protection provisions in the ASIC Act relating to land are consistent with similar provisions in the ACL ;
• clarify that the ACL-related consumer protections that apply to financial services also apply to …read more
Source:: Bright Law