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ARTICLE · 12 OCTOBER 2018

Are you complying with consumer laws? Penalties have increased significantly!

Cooper Grace Ward
Cooper Grace Ward
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You must review and update compliance policies and training programs to ensure you comply with the new penalties regime.

AustraliaAntitrust/Competition Law
David Grace
David Grace
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The ACCC told us to expect further Competition and Consumer Law interventions in 2018, following a significant number of enforcement actions in 2017, and they were not kidding!

Is your house clean?

In the first half of 2018, we have seen increased consumer law penalties, major investigations commenced by the ACCC and one of the largest ever fines for breaching competition law imposed by the Federal Court.

In light of all this, it is important to ensure that your 'house is clean'. Now is the time to review and update your compliance policies and training programs to ensure you do not fall victim to the new penalties regime.

What are the new penalties going to look like?

The consumer law penalty regime, effective from 1 September 2018, mirrors the competition law civil penalty provisions, with the maximum penalty for a body corporate being the greater of:

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© Cooper Grace Ward Lawyers

Cooper Grace Ward is a leading Australian law firm based in Brisbane.

This publication is for information only and is not legal advice. You should obtain advice that is specific to your circumstances and not rely on this publication as legal advice. If there are any issues you would like us to advise you on arising from this publication, please contact Cooper Grace Ward Lawyers.

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