The Fair Trading (Australian Consumer Law) Amendment Bill 2010 was introduced into Parliament 0n 31 August 2010 to amend the current Fair Trading Act 1989 (Qld).
Of interest, is the application of the Commonwealth Australian Consumer Law in Schedule 2 of the Competition and Consumer Act 2010 and regulations as a law in Queensland, which is achieved by an Intergovernmental Agreement to standardise trade practices laws. The Trade Practices Act 1974 will change its name on 1 January 2011 to the Competition and Consumer Act 2010.
Trade Practices amendments –
Competition & Consumer Law Quarterly
This newsletter is designed to give you an update and overview of the significant developments in competition and consumer law and policy in the first half of 2010. These have included multiple amendments to the Trade Practices Act 1974, ongoing cartel litigation, some significant merger decisions by the Australian Competition & Consumer Commission and a landmark access decision by the Australian Competition Tribunal. We are also to have a name change for our legislation: with effect from 1 January 2011, Australia’s competition and consumer law will be found in the Competition and Consumer Act 2010.
We are also very pleased to introduce our newest partner in the Allens Competition Law Group, Kon Stellios, (view CV) who joined the partnership on 1 July 2010. Kon specialises in competition law litigation, policy and regulation, and acts for clients in major administrative law and trade practices litigation. He has worked on a range of high-profile matters for the firm, including for Amcor Limited in connection with the alleged cartel between Visy and Amcor, for Hutchison on the high-profile merger with Vodafone and in the C7 litigation case, where he advised News Limited, FOXTEL and Fox Sports.
Brisbane Barrister – David Cormack