The Australian Competition And Consumer Commission (ACCC)

The Australian Competition and Consumer Commission (ACCC) is another consumer protection agency option, the ACCC is an independent Commonwealth legal body who enforce the Competition and Consumer Act 2010. The ACCC assist consumers to resolve complaints and provide advice about consumer related disputes.

The Federal Trade Commission(FTC) was created in 1914. It was created to ensure that there were no businesses that were anticompetitive; meaning that there wasn’t one company or business that was creating a monopoly. The FTC has three main goals; they are to protect consumers, maintain competition, and advance performance. They protect the consumers by preventing fraud and making sure businesses are fair in the marketplace. They maintain competition by preventing companies from merging together and creating a monopoly. Finally, they advance performance by advancing the FTC’s performance through organizational, personal, and management excellence. The FTC is very beneficial, and although not everybody knows about it, as a consumer it helps with the economy of every American. Throughout the years since it was created, there has been more laws added that help keep businesses

In Australia, whilst the professions are divided between lawyers and attorneys, the obligations are not very different.

Established in 1914, the Federal Trade Commission (FTC), is responsible for ensuring customer protection and preventing monopolistic activities by businesses. As an independent government agency, “The FTC protects consumers by stopping unfair, deceptive and fraudulent practices in the marketplace” (“What We Do,” 2013). This is done by inspecting individuals or corporations that violate laws, promoting new regulations for companies to follow and informing consumers of their rights and responsibilities. Another aspect that the FTC controls is promotion of competition, as “it benefits consumers by keeping the prices low and the quality and choice of goods and services high” (“What We Do,” 2013). Monopolies have not been a part of the US economic

Studmaster Pty Ltd was a landlord that owned a shopping complex in Bourke Street, Melbourne. Mrs Tran operated the “Vietnamese Lunch Box” outlet in the food court. She had little ability to speak or read English, which the representatives for Studmaster knew about. Studmaster proposed a three year renewal of her lease at $48,000 per annum plus GST for the first year and CPI increments in the second and third years.

The Federal Trade Commission (FTC) was created in 1914 primarily as a way for the government to “trust bust” or apply regulations ensuring a free marketplace for U.S. consumers and business enterprises. In this regard, the FTC enforces antitrust viola- tions that could hamper consumer interests, as well as federal consumer protection laws against fraud, deception, and unfair business practices. The commission’s primary enforcement mechanism is the Bureau of Consumer Protection, which is divided into seven divisions: (1) enforcement, (2) advertising practices, (3) financial practices, (4) marketing practices, (5) planning and information, (6) consumer and business educa- tion programs, and (7) privacy and identity protection.21 As the federal

The Federal Trade Commission enforces a variety of federal antitrust and consumer protection laws. The Commission seeks to

The Australian financial system evolved in five stages. The first stage was the introduction of financial institutions during the early colonial period in the 19th Century, where the influence of British institutions was a key driving force. The end of that period was marked by the 1890s depression which saw a major rationalisation of Australia’s financial institutions. The start of the modern era of financial regulation can be traced back to the introduction of banking legislation in 1945 and the establishment of Australia’s first central bank.

Several regulatory agencies are responsible for licensing long-term care facilities to ensure compliance of laws and regulations. Regulatory agencies also receive and investigate complaints that are related to the facility and the services in which the facility provides (Walsh, 2014). All long-term care facilities are expected to abide by these regulations in an effort to ensure long-term care patients proper care, ethical treatment, safe living environments, and health care reimbursement.

In response to those weaknesses, the Federal Trade Commission was created and given authority to enforce the acts’ provisions and “protect consumers by preventing anticompetitive, deceptive, and unfair business practices… and accomplishing this without unduly burdening legitimate business activity” (“About the FTC”). The Federal Trade Commission’s responsibilities included preventing and dissolving monopolies, bringing civil law suits against violators of the law, and monitoring the business community for violations of law (Davis). Since its creation, rules such as the Telemarketing Sales Rule, Pay-Per-Call Rule, and Equal Credit Opportunity Act were placed under the Commission’s jurisdiction, increasing their magnitude. However, in the Constitution Congress is given power, “[t]o regulate

Antitrust law in the United States is a collection of federal and state government laws regulating the conduct and organization of business corporations with the intent to promote fair competition in an open-market economy for the benefit of the public. Congress passed the first antitrust statute, the Sherman Antitrust Act, in 1890 in response to the public outrage toward big business. In 1914, Congress passed two additional antitrust laws: the Federal Trade Commission Act and the Clayton Act. (The Antitrust Laws. Web.)

•Advising a major financial services company in relation to Commerce Commission investigations, including execution of a search warrant.

This essay will analyse the Consumer Rights Act 2015 (‘CRA 2015’) as it is a significant element of the government’s reform of consumer law in the UK. The Act has been lauded as an immense upheaval of consumer law due to the integration of eight existing pieces of legislation into one. The complicated regulations regarding goods and services that consumers and businesses struggle to comprehend will no longer apply under the Act.

Not just must data security experts be gifted in numerous zones of security execution, yet they should likewise be arranged to help organizations in conveying wrongdoers to equity. To do this, security masters must be educated on laws relating to protection, common and criminal movement. Legal, Regulations, Investigations and Compliance elements how the issues of researching PC criminal acts, the part of criminology, sorts of proof and how to guarantee that organizations are agreeable to appropriate laws. Most importantly, security experts must be arranged to apply reasonable judgment, frequently in strained circumstances, so that suitable choices will be made.

Competition is critical, and central to market operations. It fosters innovation and spurs both productivity and growth. All of these together contribute to the creation of wealth and reduction of poverty. However, markets are complicated, and may not always work perfectly. While government action or inaction, in the form of inappropriate public policies and inaction on reform agendas is often associated with poor competition in the markets, anti-competitive conduction by firms is also an obvious cause for it. While efficient and fair markets are critical for the development of private sector and creation of economic growth, effective competition does not occur automatically. The anti-competition conduct of firms, which is directed towards monopolizing the market hurt productivity and growth. Producing images, and not things through endless brand promotions while making production processes leaner with fewer people and processes, creates incompetent markets and increases inequitable distribution of economic benefits of growth. This essay looks at the seminal works of Naomi Klein in her No Logo (2015) and John Dicker 's United State of Wal-Mart (2005) to explore the ways in which brands become 'global despots ', not only breeding a culture of discontent, but also infiltrating the markets - making them less efficient.