ACCC urges Canberra to consider EU-style blacklist for unfair business practices
The competition watchdog is urging Canberra to consider elements of European and Japanese trading rules to protect small businesses.
Australian small businesses could receive new protections against late payments, commercial retaliation and other unfair practices, with the competition watchdog urging Canberra to consider elements of European and Japanese trading rules.
The ACCC’s submission to Treasury’s unfair trading review, released last week, calls for a broad prohibition on unfair trading practices for small businesses, alongside consideration of overseas models that explicitly identify prohibited conduct.
In the EU, those rules include a “blacklist” of 10 practices that are strictly prohibited, including certain late payments, short-notice cancellations and commercial retaliation.
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