Consumer Law to give more protection
The interim report on the Review of the Australian Consumer Law has been released and we’re pleased to see the concerns raised and recommendations made by the SBDC have been referenced throughout the report. In particular:
- the need to raise the $40,000 threshold for consumer goods;
- allowing the protections in the ACL to cover goods acquired for re-supply or used or transformed in the course of a production or manufacturing process;
- recognising the dual role of small businesses as both consumers and suppliers;
- the significant impact of consumer law disputes on small businesses;
- praise for the guidance documents prepared for small businesses; and
- the negative consequences for small businesses if disputes are not resolved quickly.
We thank those small business owners who contributed to this review and are buoyed to see that Consumer Affairs Australia and New Zealand (CAANZ) has seen merit in our recommendations.
If you would like to provide feedback on the Interim Report, please complete your submission by Friday, 9 December 2016. A final report will be provided to CAANZ by March, 2017.
See more information on the review of the Australian Consumer Law.