Supporting business through improvements to mandatory standards regulation under the Australian Consumer Law - (December 2021)
The submission to the Treasury in response to its Consultation Regulation Impact Statement on Supporting Business through Improvements to Mandatory Standards Regulation under the Australian Consumer Law, published on 1 December 2021 (Consultation Paper), was prepared by the Competition and Consumer Committee of the Business Law Section of the Law Council of Australia (the Committee).
The Committee acknowledges the Problem and Policy Objectives identified in pages 6 to 13 of the Consultation Paper. The Committee takes this opportunity to provide comment on the questions raised in the Consultation Paper, as well as the following options explored in the Consultation Paper (at pages 13 to 22):
a) Option 1 - Status quo;
b) Option 2 - Amend the Australian Consumer Law (ACL) to allow the Commonwealth Minister to more easily declare trusted overseas standards;
c) Option 3 - Amend the ACL to more easily allow businesses to comply with the latest versions of voluntary Australian and overseas standards; or
d) Possible combination of Options 2 and 3.
You can read the full submission below.