ACCC nets $3.6 million in penalties in first year of new consumer laws

The ACCC has moved quickly to use the new powers made available to it under the Australian Consumer Law (ACL) to secure over $3.6 million in penalties since the first wave reforms took effect just over 12 months ago.

In his keynote address at the Consumers 2011 conference in Sydney on 7 June, ACCC Chairman Graeme Samuel reflected on the theme of ‘Consumer protection in modern markets.’

Mr Samuel spoke about the ACCC’s record in the first twelve months of the ACL, the ACCC’s approach to enforcement, consumer protection in telecommunications, and also some observations about the ACCC and the scope of its activity and level of international engagement.

The speech is available on the ACCC website or download here:  [ilink url=”http://www.accc.gov.au/content/item.phtml?itemId=991296&nodeId=be4b1f2fe32598decc2d8b095e524789&fn=.pdf” style=”download”]Speech: Consumer protection in modern markets[/ilink]

Comments are closed, but trackbacks and pingbacks are open.