Trade Practices

This is a broad area of law that provides protection to individuals and corporations alike, and regulates the conduct of corporations nationally. It covers matters such as Consumer Protection in a range of issues including:
 
Misleading or deceptive conduct;
False or Misleading Representation;
Advertising and Selling regulations;
Commercial Harassment and Coercion;
Product Safety and Product Information; and
Conditions and Warranties in Consumer Transactions.
 
It also covers broader areas of regulation such as:

Actions against Manufacturers and Importers of Goods; 
Product Liability ;
Enforcement and Remedies; and
Limitation periods.

The governing legislation in this field of law is the Trade Practices Act 1974. It covers conduct and transactions which affect competition and prices, where there is substantial loss or damage, a substantial lessening of competition, affects trade or commerce, where there are contracts, arrangements or understandings which affect the supply or acquisition of goods or services as well as misuse of market power to name a few.

With the wide scope of the Trade Practices Act most businesses need to be aware of its application in their commercial environment to ensure that they are not in breach and to follow best business practices. Without professional legal advice many aspects of the Trade Practices Act can be overlooked.

If an entity is prosecuted, it should seek legal advice immediately to ensure its interests are properly protected. Prime Lawyers are able to assist you in any aspect of Trade Practices in the areas outlined in the list above.

We maintain the philosophy that prevention is better than the cure, so contact one of our expert lawyers on (02) 9547 1733 and ensure your business is compliant.