What is trade practices law?

Trade practices law impacts on your transactions in the marketplace, whether you are a provider of goods and services or a consumer of these goods or services.

The introduction of the Trade Practices Act in 1974 heralded the decline of the reign of the maxim, caveat emptor - let the buyer beware. The regulation of trade practices by both Federal and State governments has witnessed not only the consolidation of the protection of consumer rights, but also the promotion of competition and fair trading in markets.

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