Competition and Consumer Legislation Amendment Bill 2010

The Bill was introduced into the House of Reps and reached Second Reading stage on 27 May 2010. It amends the Trade Practices Act 1974 (TPA) to clarify the operation of various provisions relating to mergers and acquisitions. It also inserts a statement of interpretative principles into the unconscionable conduct provisions of the Australian Consumer Law (ACL) and the Australian Securities and Investments Act and unifies ss 21 and 22 of the ACL (formerly ss 51AB and 51AC of the TPA). The changes to the unconscionable conduct provisions will generally be reflected in the ASIC Act. 

The full text and explanatory memorandum of this proposed law and related consumer and tax laws are available to our subscribers through our daily alerting services (DAS). A current awareness feature of all our online services.

We are interested in your views  on the new consumer laws or any of the related consumer legislation and invite your feedback and comments.