Review of Australia's Consumer Policy Framework

Productivity Commission

in Inquiry Reports from Productivity Commission, Government of Australia

Abstract: While Australia's consumer policy framework has considerable strengths, parts of it require an overhaul. The current division of responsibility for the framework between the Australian and State and Territory Governments leads to variable outcomes for consumers, added costs for businesses and a lack of responsiveness in policy making. There are gaps and inconsistencies in the policy and enforcement tool kit and weaknesses in redress mechanisms for consumers. These problems will make it increasingly difficult to respond to rapidly changing consumer markets, meaning that the associated costs for consumers and the community will continue to grow. Addressing these problems will have significant direct benefits for consumers. Also, by better engaging and empowering consumers and furthering the development of nationally competitive markets, reform will enhance productivity and innovation.

Keywords: business regulation; consumer education; consumer protection; consumers; goods and services (search for similar items in EconPapers)
JEL-codes: H K (search for similar items in EconPapers)
Date: 2008
ISBN: 978-1-74037-250-3
Note: 84 pages - summary. This inquiry report was released in two volumes on 8 May 2008. Volume 1 contains the Terms of Reference for the inquiry, Key Points, Summary and Recommendations, and Volume 2 contains the chapters and appendices. Volume 2 is available fromhttp://www.pc.gov.au/.
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