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Second Reading Speeches

Treasury Laws Amendment (Australian Consumer Law Review) Bill 2018

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
45

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Summary

Implements certain recommendations of the Australian Consumer Law Review Final Report by amending the:

Competition and Consumer Act 2010
to: amend evidentiary requirements to allow private litigants to rely on admitted facts from earlier proceedings; clarify the operation of unsolicited services provisions and unsolicited consumer agreements in a public place; ensure that fees or charges associated with pre-selected options must be included in the single price; strengthen the Australian Competition and Consumer Commission’s (ACCC) powers to obtain information about product safety; enable third parties to give effect to a community service order; and clarify the scope of the exemption from the consumer guarantees for the transport or storage of goods;
Australian Securities and Investments Commission Act 2001
and
Competition and Consumer Act 2010
to: extend the unconscionable conduct protections to publicly listed companies; and enable the ACCC and the Australian Securities and Investments Commission (ASIC) to investigate possible unfair contract terms; and
Australian Securities and Investments Commission Act 2001
to: correct inconsistent terminology for financial products that involve interests in land; and clarify the application of consumer protections to financial products.

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