Chapter 15 "Restrictive trade practices". In this chapter you should understand: the background to the passing of the Competition and Consumer Act 2010 (Cwlth) (CCA) and identify those responsible for its administration, the aims of the CCA, the definition of the terms ‘market’ and ‘competition’,. | This is the prescribed textbook for your course. Available NOW at your campus bookstore! 15- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Restrictive Trade Practices Chapter 15 Introduction Some restrictive trade practices are prohibited by the Trade Practices Act 1974. If businesses are found to have engaged in this type of conduct, the Act provides for penalties and remedies for the infringement. 15- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Objectives of Trade Practices Act 1974 (Cwlth) To improve industry efficiency. To promote competition in the market. To provide consumer protection. 15- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Constitutional Basis AUSTRALIAN CONSTITUTION Section 51 Allows laws to be made with respect to corporations, trade and commerce Trade Practices Act 1974 (Cwlth) Competition Policy Reform Act 1995 (Cwlth) 15- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Administration of the Legislation Australian Competition and Consumer Commission (ACCC) Responsible for bringing proceedings for contravention of restrictive trade practices provisions. Grants authorisations, permitting conduct that might otherwise be in breach of the Act. Research, public information and guidance role. 15- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Concepts of ‘market’ and ‘competition’ Market Includes all sellers competing for the same buyers. Competition A mechanism that ensures consumer needs are provided at the cheapest costs by businesses through control of the use of society’s resources. 15- Copyright © 2000 McGraw-Hill . | This is the prescribed textbook for your course. Available NOW at your campus bookstore! 15- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Restrictive Trade Practices Chapter 15 Introduction Some restrictive trade practices are prohibited by the Trade Practices Act 1974. If businesses are found to have engaged in this type of conduct, the Act provides for penalties and remedies for the infringement. 15- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Objectives of Trade Practices Act 1974 (Cwlth) To improve industry efficiency. To promote competition in the market. To provide consumer protection. 15- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Constitutional Basis AUSTRALIAN CONSTITUTION Section 51 Allows laws to be made with respect
