ACL penalties to go up, up and away...but not quite yet

Looks like the Bill to increase the pecuniary penalties under the Australian Consumer Law to $10m, three times the benefit gained or 10% of annual turnover has been held up in the Senate. 


The new law was supposed to commence on 1 July 2018.

Australian businesses will be thankful for a reprieve until mid August when the Senate will be back in session.

https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r6053