Greenwashing, Digital Advertising and Platform Issues, Financial Services and Consumer Guarantees: What the ACCC’s 2022/23 Priorities Mean for Your Business
The Australian Competition and Consumer Commission (ACCC) has just published its compliance and enforcement priorities for FY 2022/23. For the first time, the ACCC has aligned its annual priorities to the financial year. It promises to be a significant year with the ACCC's leadership changing, with the baton soon to be passed from the outgoing Chair, Rod Sims (who has been at the ACCC's helm for over a decade), to the incoming and first female Chair, Gina Cass-Gottlieb, in late March 2022.
To help businesses digest the implication of the ACCC's priorities quickly and efficiently in this unique paradigm, we have prepared a one page summary that highlights the ACCC's most pressing consumer and competition law priorities and key 'to do's' for businesses (click here). The ACCC also continues to focus on enduring issues including cartel enforcement.
The primary priorities of the ACCC are:
Environmental claims and sustainability (which top the ACCC's focus), manipulative/deceptive digital advertising and compliance with consumer guarantees.
Anti-competitive conduct in the financial services sector, enforcement issues relating to digital platforms and supply chain related issues are at the forefront of the ACCC's mind.
James Gray contributed to this article.