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The ACCC is responsible for encouraging compliance with the Competition and Consumer Act 2010. It can also take enforcement action in response to breaches of the Act. Penalties for breaching the Australian Consumer Law are up to $10,000,000 for corporations and $500,000 for individuals per offence.
The ACCC has highlighted the following areas as priorities for 2020:
Competition and consumer issues in:
Enduring priorities
The ACCC has identified certain areas as ‘enduring priorities’, owing to their continued potential to undermine consumer welfare and the competitive process. These include:
COVID-19 Crisis
The ACCC is alert to any instances of unfair or unconscionable conduct on the part of businesses in dealing with consumers during the current COVID-19 crisis and is looking at issues such as:
Click here for updated consumer rights information.
Competition & Consumer Protection – Online Compliance Training
It is crucial that businesses operating in Australia comply with their obligations under the competition and consumer legislative regime. It is also important for your staff to be aware of their obligations under the Act.
GRC Solutions’ Competition & Consumer Protection courses are designed for both general staff and management teams. Our courses have just been visually refreshed with a new design format to help create an engaging and effective learning experience.
Small businesses can take advantage of tax deductions for skills, training and technological investment
What is cyber security awareness training? Cyber security training is a fundamental strategy that organisations can adopt to mitigate the risk of cyber- attacks.
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