The ACCC’s 2024/25 enforcement priorities
3 mins reading time
The rising cost of living has become an important concern for consumers in the current economic landscape. As such, the supermarket sector and essential services including electricity and financial services are coming under greater scrutiny.
In response to this, the Australian Competition and Consumer Commission (ACCC) has announced its compliance and enforcement policy and priorities (enforcement priorities) for 2024-2025. The enforcement priorities are centred around the needs of consumers. The ACCC has acted accordingly in response to the current flow of market to prioritise competition, fair trading and consumer protection.
What are the enforcement priorities for 2024-2025?
Enduring Priorities
As well as the yearly priorities, the ACCC remains firm on the following enduring priorities:
- Cartel conduct;
- Anti-competitive conduct;
- Product safety;
- Consumers experiencing vulnerability or disadvantage;
- Conduct impacting First Nations Australians;
- Small business; and
- Scams.
Want more information on enforcement priorities? Contact us
Ensuring continual compliance in line with the ACCC’s enforcement priorities should be front of mind for all businesses. This includes reviewing contracts for unfair contract terms, which our team specialise in.
With these insights from the ACCC, Macpherson Kelley’s specialised Trade team can provide relevant advice to navigate through these spotlight areas, and to help your business remain compliant with the Competition and Consumer Act 2010 (Cth).
The information contained in this article is general in nature and cannot be relied on as legal advice nor does it create an engagement. Please contact one of our lawyers listed above for advice about your specific situation.
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The ACCC’s 2024/25 enforcement priorities
The rising cost of living has become an important concern for consumers in the current economic landscape. As such, the supermarket sector and essential services including electricity and financial services are coming under greater scrutiny.
In response to this, the Australian Competition and Consumer Commission (ACCC) has announced its compliance and enforcement policy and priorities (enforcement priorities) for 2024-2025. The enforcement priorities are centred around the needs of consumers. The ACCC has acted accordingly in response to the current flow of market to prioritise competition, fair trading and consumer protection.
What are the enforcement priorities for 2024-2025?
Enduring Priorities
As well as the yearly priorities, the ACCC remains firm on the following enduring priorities:
- Cartel conduct;
- Anti-competitive conduct;
- Product safety;
- Consumers experiencing vulnerability or disadvantage;
- Conduct impacting First Nations Australians;
- Small business; and
- Scams.
Want more information on enforcement priorities? Contact us
Ensuring continual compliance in line with the ACCC’s enforcement priorities should be front of mind for all businesses. This includes reviewing contracts for unfair contract terms, which our team specialise in.
With these insights from the ACCC, Macpherson Kelley’s specialised Trade team can provide relevant advice to navigate through these spotlight areas, and to help your business remain compliant with the Competition and Consumer Act 2010 (Cth).