Australian Competition and Consumer Commission

an economy that doesn’t evolve the government, rather businesses operate in a market, producing goods and services for the consumers’ needs. Australia manages the economic problem of scarcity by allowing businesses to exchange…

RBA and its relevance to banking and finance lawyers RBA is a statutory authority and it is Australia’s central banking. RBA’s key role is monetary policy. The RBA explains monetary policy as the process of setting the interest rate on overnight loans in the money market. This is known as the “cash rate”. RBA further explains that the cash rate influences other interest rates in the economy (including the money-market rates and the key rates of banks and financial intermediaries such as…

infrastructure supplier Telstra, following competition regulator Australian Competition and Consumer Commission (ACCC) and government inquiries signalling reform. By ‘declaring’ Telstra’s infrastructure to enable competitors access, supporters of regulation contest this improves market and social outcomes. Key Concepts This article relates to the political and regulatory environment as ACCC regulatory powers under Part XIC of the Competition and Consumer Act 2010 (Cth) may threaten Telstra’s…

transactions, and have entered into the CISG community. Furthermore, China has reformed its domestic sales law to reflect many provisions of the CISG. And as Australia is a signatory to the CISG, meaning that this document is already embedded in the Australian legislative landscape, it has a similar aspiration of creating a ‘bridge’ to the civil law world. Unfortunately, If the CISG is chosen as the applicable law, the legal practitioner has to rely on another national law to compensate for the…

Background of the case: As per the case, Australian Securities & Investments Commission v Soust [2010] FCA 68 Dr. Martin Soust ‘the defendant’ was the Managing Director and CEO of Select Vaccines Limited who also happens to be the director of Martin Soust & Co. Pty Ltd. Select Vaccines, a biotechnology firm outsourced services to Martin & Soust Co, where the company had to provide consulting services to Select Vaccines. In return for the prompt and undivided interest in promoting Select…

2). However, these representations were false. Pental participated in ‘misleading and deceptive conduct and made false or misleading representations, in contravention of the Australian Consumer Law’ (ACCC 2016, para. 9). The Federal Court demanded Pental pay a $700,000 fine and $110,000 for ACCC’s court fees (Ziaziaris 2018, para.…

include the Tibetans, the Mongols, the Manchus, the Naxi, and the Hezhen. Mandarin is the official language based on the Beijing dialect and is spoken by the majority of the population, mainly taught in schools and maintained by the government (Australian Business Consulting & Solutions, 2016). There are five official religions in the country and any other than Buddhism, Taoism, Islam, Catholicism and Protestantism are illegal (Zimmermann,…

they faced many rivalry issues. For the first three years of their car sales company they struggled to compete against majors including Ford and Holden. Per Hutchens, “In Australia, the first major carmaker was the Ford Motor Company and the first Australian-designed mass production car was manufactured by Holden in 1948. Australia was best known for the…

BACKGROUND Despite the favorable market conditions to export powder milk to China, establishing this type of business, successfully, requires more than approved sanitary requirements. This briefing paper will highlight the capacity of WHF infant formula to enter into the Chinese market and the obstacles it might face regarding the relationship between the government and business in China. This relationship differs from western practices, hence an strategy will be proposed. The demand for milk…

they draw Tasers more often than need. Queensland police have the right to do their job, of protecting and serving the community, even if that means using force or Tasering on an offender. The Crime and Misconduct Commission, now known as Australian Competition and Consumer Commission, released these statists; 51.0 on average Tasers were used per month. 8.4 have been prolonged discharge while 27.1 multiple discharges (22 July 2010-30 June 2012). Queensland Polices' entered Tasers training in…