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

conference contribution
posted on 2009-01-01, 00:00 authored by Lang Thai
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.

History

Event

Oxford Business & Economics Conference (2009 : Oxford, England)

Publisher

ABER

Location

Oxford, England

Place of publication

Oxford, England

Start date

2009-06-24

End date

2009-06-26

Language

eng

Publication classification

E1 Full written paper - refereed

Title of proceedings

OBEC 2009 : Oxford Business & Economics Conference

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