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Transport, Trade and Logistics Update
A new form of security following the declaration of general average (GA) has the market wondering if a real change has occurred.
Australia | Publication | September 2021
The Federal Government response on 3 September 2021 to the Senate Education and Employment References Committee’s report, Driving a fairer deal: Regulation of the relationship between car manufacturers and car dealers in Australia, confirms it has no major plans for further regulation or review of the automotive sector beyond those already announced.
The Government noted a range of changes it had made in recent times which aim to make the automotive sector fairer and more transparent for consumers, dealers and manufacturers, referencing:
The Government declined to intervene in the ACCC investigations in relation to GM Holden or impose additional reporting obligations on the ACCC. It noted it is consulting on the merits of a standalone automotive franchising code and options to strengthen alternative dispute resolution mechanisms for automotive franchisees through binding arbitration.1
Any further reform of consumer warranty laws will depend on the outcome of a regulatory impact assessment. The Government expressed satisfaction with the current operations of ASBFEO, and declined to undertake a further review into effectively enforcing alleged contraventions of the Competition and Consumer Act 2010 as it relates to the regulation of the relationship between car manufacturers and car dealers.
Should you wish to discuss these developments further, please contact Kristen Hooke or Stephen Giles.
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A new form of security following the declaration of general average (GA) has the market wondering if a real change has occurred.
Publication
There is much talk currently about South Africa standing at a political cross-roads, in relation to its ability to make the newly formed Government of National Unity work (and to unlock the legion economic and social benefits that would flow from making it work).
Publication
The Lloyd’s Open Form has been the maritime industry’s preferred form of agreement for salvage for over a hundred years. In response to industry concerns and the declining number of LOF contracts being concluded each year, an update to the Form was published in June this year.
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