International Law

Clarity in Pricing Bill passed

TheTrade Practices Amendment (Clarity in Pricing) Bill 2008 has been passed by Parliament.

The amendments to the Trade Practices Act 1974 require that where a business makes a price representation to a consumer and that amount is less than what the consumer will actually have to pay to acquire the goods or services, the business must also prominently state a total price as a single figure.

The Bill does not prohibit component pricing, provided that a single figure price is also displayed.

Full post as published by Australian Regulatory Compliance Review on November 11, 2008 (boomark / email).