Table of Contents

TRADE PRACTICES ACT 1974 - CHECKLIST FOR BUSINESSES

1. What does the Trade Practices Act ("TPA") govern?

TPA covers, amongst other things:

2. Recent changes to the TPA

Franchising Code of Conduct came into effect on 1 July 1998 and is now mandatory for franchising industry participants. Further provisions, including disclosure and dispute resolution provisions, will come into effect on 1 October 1998.

3. Important issues to consider

4. Penalties

Orders the court can impose include fines and compensation. For breaches of the restrictive trade practices provisions of the Act the penalties can be as high as $10 million for corporations and $500,000 for individuals, for each breach. For breaches of the fair trading provisions of the Act the penalties can be as high as $200 000 for corporations and $40 000 for individuals, for each breach. If the conduct has badly affected consumers the orders for compensation can be greater than the fines.

STEVE WHITE
WHITE SW COMPUTER LAW
OCTOBER 1998
www.computerlaw.com.au © White SW Computer Law 1998 This article is a guide only and should not be used as a substitute for proper legal advice, readers should make their own enquiries and seek appropriate legal advice.