Archived Posts Lists

Australian Regulatory Compliance Review
Australian Technology and IP Business
Credit Union and Mutual Law
National Consumer Credit Reform
Personal Property Securities Australia
Longview Business Insights
Australian Private Health Insurers
Wills, Trusts, Super
Mutuals Resource Centre


Commonwealth legislation
Corporate Governance
Not-for-Profit links
Regulator Links

November 16, 2011

ACCC Carbon price claims – Guide for business

The ACCC has published Carbon price claims - Guide for business.

The guide reminds businesses that under the Australian Consumer Law a claim about the impact of a carbon price must be accurate and not mislead consumers (whether individuals or other businesses), must be able to be substantiated and be based on reasonable grounds if it contains a prediction about price increases connected to the impact of a carbon price.

Some examples of claims that will mislead customers are if:
• you represent that the whole amount of a price increase is due to a carbon price, when in fact only a proportion of the total price increase is attributable to a carbon price, or
• you overstate the impact of a carbon price.

Claims about the impact of a carbon price prior to 1 July 2012 (when the new scheme starts), should not wrongly suggest that a carbon price will affect the price of goods or services before that date.

The ACCC also advises caution about more general statements before 1 July 2012 such as:
• ‘Beat the Carbon Tax - Buy Now’
• ‘Our prices will be hit hard when the carbon price comes in’
• ‘Buy now before the carbon tax bites’.

Businesses should also take care not to breach anti-cartel laws if they engage in any discussions with competitors about the effects of a carbon price.

Print This Post Print This Post

Posted 16th November 2011 by David Jacobson in Environment, Tax