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6 Pages • Topic Notes • Year: Pre-2021
Competition and Consumer Act (CCA) Regulates ‘RESTRICTIVE TRADE’ practices to produce greater competition and efficiency in the market for the benefit of consumers; and ** Protects the interests of consumers of goods, services and land against ‘UNFAIR PRACTICES’ Regulator: ACCA (refer last note) 1. Who is a Consumer? Section 3 asks: - whether goods are acquired to be used or consumed (a consumer transaction) OR - whether goods are to be used up in a business (a non-consumer transaction) Supply of goods or services • Cost less than $40K: s3(1)(a) • Cost more than $40K and are “of a kind ordinarily acquired for personal, domestic or household use or consumption: s3(1)(b) Purchase of goods by a business will be a consumer contract if: - goods are personal, domestic or household goods AND - not used up in business (eg for re-supp
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