Australian property investment advice : an unregulated industry and the need for better consumer protection laws

Thai, Lang 2009, Australian property investment advice : an unregulated industry and the need for better consumer protection laws, in OBEC 2009 : Oxford Business & Economics Conference, ABER, Oxford, England.

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Title Australian property investment advice : an unregulated industry and the need for better consumer protection laws
Author(s) Thai, Lang
Conference name Oxford Business & Economics Conference (2009 : Oxford, England)
Conference location Oxford, England
Conference dates 24-26 June 2009
Title of proceedings OBEC 2009 : Oxford Business & Economics Conference
Editor(s) [Unknown]
Publication date 2009
Conference series Oxford Business and Economics Conference
Publisher ABER
Place of publication Oxford, England
Summary Currently, consumers have no means of protecting themselves when they are looking for property investment advice in Australia. There is no uniform national or State regulation in the property investment advice and marketeering industry. The only protection and remedies currently available are those under the general consumer protection laws scattered in various Acts, and even so, these have numerous problems. This paper highlights what those problems are under the general consumer protection laws and suggests some changes to the current system. The paper also argues that a national co-operative approach is the only way to move forward in this area and suggests that the constitutional difficulty can be overcome by using the legislative conferral of state powers provision, which has often been overlooked. The paper also argues that a new regulator be set up to administer and enforce the new proposed laws on property investment advice.
Language eng
Field of Research 180124 Property Law (excl Intellectual Property Law)
Socio Economic Objective 970118 Expanding Knowledge in Law and Legal Studies
HERDC Research category E1 Full written paper - refereed
Persistent URL http://hdl.handle.net/10536/DRO/DU:30021520

Document type: Conference Paper
Collection: School of Law
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