Importance Of The Australian Constitution To Regulate The Behaviour Of Business

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With a society that is continually modernising and businesses that are forever changing it is of vital importance of the parliament to regulate the way businesses are operated. The parliament have five major functions, to provide for the formation of a government; to legislate; to provide the funds needed for government; to provide a forum for popular representation and to scrutinise the actions of government. The constitution has a vital role within society and has a major impact on the way that businesses interact. Including this legislations are a key way that enables parliament to regulate the behaviour of businesses

The constitution states the constitution as the “fundamental law of Australia binding everybody including the commonwealth parliament and the parliament of each state”. The Australian constitution was formed in 1900, and was implemented on the 1st of January 1901. Being under the Commonwealth, the Australian constitution had to be passed by the British Act but was essentially was …show more content…

The Australian Consumer Law ensures that regulations are put in place to regulate fair-trading between businesses and consumer. It is a national law that guarantees what the rights consumers have when buying goods and or services. For instance in the Australian Consumer Law ‘Chapter 2- General protections Part 2-2 Unconscionable conduct ‘ person must not, in trade or commerce, engage in conduct that is unconscionable, within the meaning of the unwritten law from time to time’. Unconscionable conduct allows the parliament to regulate the way in which businesses do trading and makes them more accountable for their conduct. Unconscionable conduct ensures the interaction between a dominant and weaker party, which directly allows the parliament to prevent businesses using their power over weaker/disadvantaged members within society to sell products or services. Commercial Bank of Australia v

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