Second Reading Speeches

Trade Practices Amendment (Clarity in Pricing) Bill 2008

Type
Government
Portfolio
Competition Policy and Consumer Affairs
Originating house
House of Representatives
Status
Act
Parliament no
42

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Summary

Amends the

Trade Practices Act 1974
to: prohibit corporations from advertising a component price (a price as the sum of multiple component parts) of a good or service without also prominently specifying the single figure price (to the extent that it is quantifiable at the time of advertising); update cross references relating to pyramid selling schemes; clarify that certain breaches of product safety and information standards may be a criminal offence; and provide for the concurrent operation of certain state and territory fair trading laws.

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