Business Law - s 18 of the Australian Consumer Law within the Assignment

Business Law - s 18 of the Australian Consumer Law within the Competition and Consumer Act 2010 (ACL) - Assignment Example t it is, how it is applied, the difference from the previous law, its sections; specifically section 18, the effect on State laws, and its limits considering the common law application. These are discussed under specific questions as given below. The Australian Consumer law is single national law about fair trading and consumer protection. It is uniform in each State and Territory, as well as nationally. This law was implemented in January 2011 and provides the consumers with the same expectations and protections about business conduct in Australia. Businesses are also guided by this law about their obligation whenever they operate in Australia. The Australian Consumer Law is a replacement of 20 different national consumer laws and applies as the Commonwealth law of Australia. It clarifies understanding of the law for businesses as well as consumers2. It is an agenda to the Competition and Consumer Act 2010, and it is implemented by all Australian courts and tribunals including those of Territories and States. Since it is a law of the Commonwealth, ACL is a law of its jurisdiction in each Territory and State so that the same provisions apply everywhere in Australia. The requirement that products and services be treated the same way has also seen the law reflected in comparable conditions, in the Australian Securities and Investments Commission Act2001. ACL is administered by each Territory and State’s consumer law agency, and the ACCC3;4. The Australian Consumer law has brought man changes. It was designed to foster competition, and provide consumers with confidence to participate in markets in which both businesses and consumers trade fairly. It was designed to empower and protect the consumer hence improve the consumers’ well being. It was also designed to reduce costs to business through the provision of the law as a single uniform law for all parts of Australia. The ACL provides new protections for consumers which these are; increased protection from