What is the Consumer Protection from Unfair Trading Regulations 2008?
The Unfair Trading Regulations impose a general prohibition on traders in all sectors from engaging in unfair commercial practices with consumers. Specifically, the Regulations protect consumers from unfair or misleading trading practices and ban misleading omissions and aggressive sales tactics.
What is the protection of consumer from exploitation by unfair trade called?
Consumer Protection Law, as well as Section 5(a) of the Federal Trade Commission Act, protects consumers from unfair business practices.
What was the main reason for the introduction of the Consumer Protection from Unfair trading?
These included legislation relating to trade description, advertising and misleading practice. They were consolidated in and replaced by the Unfair Trading Regulations, which protect customers by enabling enforcement action to be taken against bad practices such as aggressive selling, and misleading sales information.
How can you protect consumers from unfair trade practices?
Under the Act of 2019, a Central Consumer Protection Authority (CCPA) was established with a view to regulate matters involving violation of consumer rights, misleading or false advertisements, unfair trade practices and enforcement of consumer rights. The Central Government will appoint the members of the CCPA.
What is the Consumer Protection Act?
The Consumer Protection Act, implemented in 1986, gives easy and fast compensation to consumer grievances. It safeguards and encourages consumers to speak against insufficiency and flaws in goods and services. If traders and manufacturers practice any illegal trade, this act protects their rights as a consumer.
What are examples of unfair trade practices?
Some examples of unfair trade methods are: the false representation of a good or service; false free gift or prize offers; non-compliance with manufacturing standards; false advertising; or deceptive pricing.
What is the aim of the Consumer Protection Act?
What is the aim of the Consumer Protection Act? The basic aim of the Consumer Protection Act, 2019 to save the rights of the consumers by establishing authorities for timely and effective administration and settlement of consumers’ disputes.
What are examples of consumer protection?
Federal Competition and Consumer Protection Commission
- Right to value for money: Products and services MUST give value for money.
- Right to Safety: …
- Right to Information: …
- Right to Choose: …
- Right to Redress: …
- Right to Consumer Education: …
- Right to Representation:
How can we prevent unfair trade?
Avoid using unfair business practices against consumers
- Avoid misleading your customers about price, quality and value. …
- Avoid making false claims about products or services. …
- Avoid making false and misleading claims about Indigenous souvenirs and artwork. …
- Avoid using unfair business tactics. …
- Claims about country of origin.
Why do consumers need protection from exploitation?
Consumer protection makes markets work for both businesses and consumers. Consumers need to be able to obtain accurate, unbiased information about the products and services they purchase. This enables them to make the best choices based on their interests and prevents them from being mistreated or misled by businesses.