Running head: CONSUMER PROTECTION LAWS
Consumer Protection Laws
CONSUMER PROTECTION LAWS
Consumer protection is a collection of regulations aimed at making sure that the
entitlement of the customers, reasonable trade, rivalry, and precise awareness in the market are
upheld (Howells, 2016). These laws also attempt to restrict the commercial undertakings of other
organizations that could be participating in deception or other prejudicial activities. Therefore, it
aims at guaranteeing that all organizations attain a competitive edge over their rivals legitimately
so as to encourage healthy rivalry that would benefit the customers. These regulations could
offer an extra safeguard to the susceptible individuals in the community so as to assure their
safety. For instance, a government may stipulate rules that expect organizations to reveal
comprehensive information on their commodities especially in situations where they deal with
food which has the ability to influence the health of the citizens.
Development of Australia’s consumer protections
These laws are normally created with the intention of safeguarding the customers from
being exploited by businesses. This is through the creation of laws which require businesses to
offer their commodities at reasonable prices. The companies are also supposed to ensure that
they reveal crucial information that would affect their health. Exploitation could also occur
through the provision of substandard commodities by the companies. Therefore, this brings up
the need to form laws that have the ability to safeguard the customers from these commodities.
This is through ensuring that companies produce commodities which are of the desired quality
that is in line with their prices. The prices are supposed to reflect the quality of the commodities
ensuring that those of high prices are also of high quality.
CONSUMER PROTECTION LAWS
Businesses are also expected to engage in ethical activities while carrying out their duties.
Thus the customers are safeguarded from organizations that engage in unlawful undertakings
through these laws which provide repercussions to the firms that participate in illegitimate
practices. Undertakings with the ability to impact their health or safety, in general, are regulated
by these kinds of laws. The commodities that are dangerous to the public are also prohibited
hence ensuring the safety of the people (Clarke, Griggs, Cho, Hoyle, and McLaren, 2015). This
is normally the obligation of the government hence its need to safeguard the well-being of the
public through the formation of consumer laws.
The Australian Consumer Law was formed due to the all-encompassing discussion and
assessment by the government on the present lawmaking system. This assessment was carried
out with the intention of enhancing standardization and constancy among the authorities of
Australia, and to make sure that consumers are safeguarded sufficiently in the event that they...