Trade Practices Act

The Trade Practices Act is an Australian law designed to promote fair trading and competition while protecting consumers from misleading conduct and unfair practices. It establishes rules for businesses regarding advertising, pricing, and product safety, ensuring that consumers are treated fairly and have the right information to make informed choices. The Act also addresses anti-competitive behavior, such as cartels and monopolistic practices, to maintain a healthy market environment. Essentially, it aims to create a level playing field in business and safeguard the interests of consumers and fair competition.