What is the role of Fair Trading?
NSW Fair Trading promotes a fair marketplace for consumers and traders by maximising traders’ compliance with regulatory requirements. We safeguard consumer rights and investigate alleged breaches of the legislation we administer.
What does fair trading mean?
Ensure you comply with unfair trading laws to help protect your business and customers.
What does the Fair Trade Act cover?
This Act constitutes the main law covering business behaviour in NSW. Under the Act, it is unlawful to make false claims about a product or service; Operate in a misleading or deceptive way, or in a way that is likely to mislead or deceive your customers.
What are the key principles of consumer protection and fair trading?
key principles of consumer protection and privacy legislation. legislative limitations on agency practice….Legislation and ethical and conduct standards may include:
- conflict of interest.
- duty of care.
- individual behaviour.
- maintaining confidentiality.
- non-discriminatory practices.
- privacy.
What are the principles of consumer law?
The product or service described accurately – businesses should not describe goods and services in a misleading way. fit for purpose – goods must do what they are designed to do. satisfactory quality – goods should not be damaged or faulty when sold as new.
What are the main principles of consumer Behaviour?
Consumer behavior is the study of what influences individuals and organizations to purchase certain products and support certain brands. The six universal principles of persuasion are reciprocity, commitment, pack mentality, authority, liking and scarcity.
What are the key principles of consumer protection?
What are the Key Principles of Consumer Protection and Fair Trading in Australia?
- Misleading Conduct.
- Unfair Practices.
- Product Guarantees, Refunds and Failure to Comply with Implied Warranties and Conditions.
- Failing to Supply Goods of a Merchantable Quality.
What are five federal laws that protect consumers?
In the United States a variety of laws at both the federal and state levels regulate consumer affairs. Among them are the Federal Food, Drug, and Cosmetic Act, Fair Debt Collection Practices Act, the Fair Credit Reporting Act, Truth in Lending Act, Fair Credit Billing Act, and the Gramm–Leach–Bliley Act.
What are the consumer rights?
Consumer Rights in India. The definition of Consumer right is ‘the right to have information about the quality, potency, quantity, purity, price and standard of goods or services’, as it may be the case, but the consumer is to be protected against any unfair practices of trade.
What is the aim of consumer protection act?
To Provide better and all round protection to consumer. To Provide machinery for the speedy redressal of the grievances. To Create framework for consumers to seek redressal. To Provide rights to consumers.