Trade Practices Compliance Program

As previously announced, the ACCC has now released four draft Trade Practices compliance program templates which can be identified in a court order rather than a generic order.

The 4 draft templates are alternatives which can be modified depending on the company's needs. Variable  factors include, but are not limited to, the number of employees, agents and directors exposed to the possibility of breaching the Trade Practices Act 1974.

Depending on the size and risk profile of the company, a Trade Practices Compliance Program can be as simple as implementing an effective complaints handling system and training relevant staff; or as comprehensive as setting up a team of dedicated compliance staff and conducting regular risk assessment checks.

The templates can be used in conjunction with the ACCC Best & Fairest Compliance Manual.