explain the role of the Australian Competition and Consumer Commission (ACCC) in providing consumer protection.

Question

50 words

Answer 1

The Australian Competition and Consumer Commission (ACCC) plays a crucial role in providing consumer protection by enforcing competition and fair trading laws, promoting competition, regulating industry behavior, and empowering consumers with information and education. The ACCC investigates and takes action against businesses that engage in unfair or deceptive practices that harm consumers.