What is the purpose of the Fair Trading Act 1987?
An Act to regulate the supply, advertising and description of goods and services and, in certain respects, the disposal of interests in land; to repeal the Consumer Protection Act 1969 and certain other Acts; and for other purposes. This Act may be cited as the Fair Trading Act 1987.
What is the Fair Trading Act 1999?
The Act promotes fair trading between competitors while also ensuring that consumers are treated fairly. The Australian Competition and Consumer Commission (ACCC) administers and enforces the Act along with state and territory regulators. The Act broadly covers: unfair market practices.
How do you comply with the Fair Trading Act?
The Fair Trading Act (FTA) says you must talk fairly about what you sell — in person, in print or online. This is to make sure traders don’t oversell or make false promises. It covers pricing, advertising, information about the product or service, sales techniques and financing.
When did the Fair Trading Act 1987 commence?
FAIR TRADING ACT 1987 – As at 12 May 2021 – Act 68 of 1987.
What is an unconscionable act?
To be considered unconscionable, conduct it must be more than simply unfair—it must be against conscience as judged against the norms of society. Business behaviour may be deemed unconscionable if it is particularly harsh or oppressive, and is beyond hard commercial bargaining.
What are the rights of a trader?
They must offer you a legal remedy: the short-term right to reject the goods (get a refund), right to a repair or replacement, right to a price reduction or final right to reject the goods. Even if goods are sold with a manufacturer’s guarantee, you are entitled to make a claim against the trader.
What is the Fair trading Act 1987 NSW Wikipedia?
It investigates allegations of unfair business practices, and regulates goods sold in New South Wales. It also performs the administrative functions of registering business cooperatives and associations, and issuing occupational licences.
Who enforces the Fair trading Act?
the Commerce Commission
The Act is enforced by the Commerce Commission. The Commission can take traders to court if it thinks they have breached the Act.
What is Fair Trade Act?
Fair Trade Act. Definitions (2) 1. Former piece of state legislation that sought to protect manufactures from unreasonable price cuts by allowing them to determine their own minimum retail prices.
What is the federal Fair Trade Act?
Trade Act of 1974. Long title. An Act to promote the development of an open, nondiscriminatory, and fair world economic system, to stimulate fair and free competition between the United States and foreign nations, to foster the economic growth of, and full employment in, the United States, and for other purposes.
What is Fair Trading Commission?
The Fair Trading Commission ( FTC ) is the administrative body responsible for implementing the Fair Competition Act (FCA).