Competition and consumer law is an essential area of law for the Australian economy, but very few businesses know much about it. Competition law governs the interaction between businesses operating within the same market. The main piece of legislation is the Competition and Consumer Act 2010, which includes provisions that prohibit conduct by businesses that has the effect of restricting commercial activities (such as cartel conduct, misuse of market power and anti-competitive mergers).
Schedule 2 of the Competition and Consumer Act contains a national code for consumer protection called the Australian Consumer Law. The Australian Consumer Law regulates how businesses interact with consumers, including through marketing and sales practices. If your business deals with consumers, you need to understand your obligations under the Australian Consumer Law.
LegalVision’s articles help you navigate the technical terrain of competition law. Our articles will keep you updated about key issues in consumer law, from the rules for online reviews to influencer marketing.