Second Set Of Australian Consumer Law Reforms Affect Ordinary Trade

In preparation for the second tranche of the Australian Consumer Law (ACL) reforms (to be introduced into Parliament next year) the Treasury has released a consultation paper with draft Regulation Impact Statements (RIS) for public comment by Friday 27 November.

The draft RIS set out options for various wide-ranging reforms to the Trade Practices Act affecting everyday trade and commerce, and also for implementing some of the recommendations on product liability law made by the Productivity Commission's Review of the Australian Consumer Product Safety System.

As the RIS attempt to gauge the regulatory burdens and consumer benefits of each proposal, this is a good opportunity for business to identify any overly burdensome reforms and put its views to the Federal Government.