The truth will set you free (from massive fines)!
Dramatic increases to the maximum penalties for breaches of the Australian Consumer Law (ACL) will put an even higher premium on the truth.
- Penalties for Australian Consumer Law breaches are rising considerably.
- The previous maximum penalty for a breach by a company was $1.1 million. The maximum penalty is now; $10 million, 3 times the benefit the company received from the breach, or 10% of the company's annual turnover if the court cannot calculate the benefit.
- The maximum penalty for a breach by an individual is also increasing from $220,000 to $500,000.
- These figures are per contravention and can be awarded following proof of behavior that infringes the ACL, including:
- Unconscionable conduct;
- False representations; or
- Misleading advertising.
If you’d like guidance, advice or support regarding these changes, please contact our Head of Litigation & Dispute Resolution, Harrison Humphries, or his team of dedicated litigation practitioners.
Phone 07 4688 2188 www.cglaw.com.au