Clarity in pricing
Clarity in pricing requirements deal with how business may use ‘component pricing’ (specifying the price for each part of a good or Formal delivery of legal documents to a person to tell them there are court proceedings against them which they must defend, or to make sure a witness in a case knows when they have to go to court to give evidence. separately) when advertising their products.
The requirements are contained in section 48 of the ACL and require that where a person, in trade or commerce, makes a price representation that is less than the total price required to be paid for the goods or service involved (a component price), then the person must also specify in a prominent way and as a single figure, the single price for the goods or services.
To be sufficiently prominent it must be ‘at least as prominent as the most prominent’ of the partial price representations. This prevents, for example, car companies specifying a price ‘plus on-road costs’. Therefore, although component prices are not prohibited, the full price must be prominently displayed. The Commonwealth minister can exempt certain industries from the requirement to display a single price; it has been determined that restaurants and cafes are excluded from the requirements, which allows them to impose surcharges (e.g. on public holidays).
Amendments made to the ACL in 2018 ensure that all ‘pre-selected options’ are included in the single price. This overcomes the practice of consumers being charged a higher price if they do not specifically de-select options that have been pre-selected (e.g. for luggage on an airline website). Therefore, the headline price has to include all charges automatically applied by the seller, even though, during the transaction, the customer may de-select these options.
The provision also requires a person to specify the minimum amount required to be paid for sending goods to the customer, where this price is known at the time of the price representation. However, this may be listed as a separate figure and it does not have to be included in the single specified price.
Unit pricing allows consumers to quickly compare the value of similar products of varying size and brands. From 1 July 2009, new regulations make it compulsory for some grocery retailers to display a unit price on store labels and in advertising where a selling price is displayed. The new unit pricing requirements are set out in the Trade Practices (Industry Codes – Unit Pricing) Regulations 2009 (Cth). The code affects retailers that sell food-based groceries to consumers.
It is common for some businesses, particularly in the airline and ticketing industries, to impose a surcharge on card payments. Since September 2017, excessive surcharging of A debt that does not have to be paid until some future time. Being allowed to pay later, in the future, for something you are getting now., debit and prepaid card payments has been banned.
The purpose of the ban is to stop businesses from charging surcharges that are more than what it The amount charged by a lawyer for legal work. Lawyers can only charge the amount agreed with the client in a costs agreement or the amount stated by a court in its rules. The party who loses a case usually has to pay all their own costs plus most of the costs reasonably incurred by the other side. See also indemnity costs. to process the payment.
The Reserve Bank of Australia (RBA) publishes a standard that relates to the surcharges businesses (1) A statement giving the details of a crime an accused person is claimed to have committed. (2) A personal property security. (3) A judge’s directions to a jury at the end of a case. customers when paying by credit or debit cards. The new law states that a surcharge is excessive if it is more than the amount permitted in the RBA standard (s 55B C&C A written law made by parliament. Also called an ‘Act of parliament’, ‘statute’ or legislation.).
The ACCC is empowered to To make people obey a law or the terms of an agreement, using police powers or court orders. the ban. For example, in July 2018, the ACCC took action against Europcar alleging that customers who used A permit that allows a person who is not a citizen to stay in a country on certain conditions, for the length of time stated in the visa. or MasterCard credit cards were charged fees above what it cost Europcar to accept those payments.