Trade Practices Amendment Regulations 2000 (No. 2) (Cth)

Trade Practices Amendment Regulations 2000 (No. 2)

Statutory Rules 2000 No. 164

I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under theTrade Practices Act 1974.

Dated 21 June 2000

WILLIAM DEANE

Governor-General

By His Excellency’s Command

JOE HOCKEY

Minister for Financial Services and Regulation

Trade Practices Amendment Regulations 2000 (No. 2)1

Statutory Rules 2000 No. 1642

made under the

Trade Practices Act 1974

   

Contents

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1Name of Regulations

 These Regulations are the Trade Practices Amendment Regulations 2000 (No. 2).

2Commencement

 These Regulations commence on 1 July 2000.

3Amendment of Trade Practices Regulations 1974

Schedule 1 amends the Trade Practices Regulations 1974.

Schedule 1Amendment

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(regulation 3)

[1]After regulation 28A

insert

28AAUnconscionable coduct in business transactions — prescribed amounts (Act s 51AC)

• (1)

  For subsection 51AC (9) of the Act, the amount of $3 000 000.00 is prescribed.

• (2)

  For subsection 51AC (10) of the Act, the amount of $3 000 000.00 is prescribed.

Notes

1. These Regulations amend Statutory Rules 1974 No. 170, as amended by 1974 Nos. 175 and 247; 1975 No. 13; 1977 No. 100 (void and of no effect); 1978 No. 212; 1979 Nos. 1 and 87; 1980 No. 39; 1982 No. 68; 1989 No. 199; 1992 Nos. 71 and 92; 1993 No. 21; 1995 Nos. 248 and 330; 1996 No. 20; 1997 Nos. 53, 86 and 322; 1998 No. 365; 1999 No. 251; 2000 No. 163.

2. Made by the Governor-General on 21 June 2000, and notified in the Commonwealth of Australia Gazette on 28 June 2000.