New regulations expected to strengthen consumer protection
The government plans to revise the Consumer Protection Act of 2020 to address emerging concerns, particularly regarding pricing and business practices.
Governor Daniel Pruce highlighted the upcoming amendments during his Speech from the Throne on Tuesday, emphasising their importance in safeguarding consumer rights and fostering a fair economic environment.
“This revision will strengthen the promotion of good business practices and ensure that consumer protection remains a top priority in our evolving economic landscape,” Governor Pruce stated. He further explained that the revised legislation will include enhanced measures for consumer education and clearer pathways for addressing grievances.
The proposed updates will adapt the Act to evolving economic conditions and include more robust mechanisms to address unfair practices.
One of the core aspects of the legislative update involves refining enforcement mechanisms. The revised Act will ensure businesses operate transparently and align their practices with standards protecting consumers from exploitative behaviours.
The amendments will also bolster the government’s efforts to educate consumers on their rights and responsibilities. This initiative will empower residents with the knowledge to make informed decisions in a competitive market.
The announcement of the Consumer Protection Act revisions follows rising concerns from residents about price control and transparency in the territory. These amendments will work in tandem with other government policies to address pricing issues and support responsible economic growth.
The governor’s remarks also align with the overarching theme for this legislative session, “Legislative Blocks of Success, Building a Sustainable Nation.” The government’s plan includes reforms across various sectors to promote good governance, sustainable development, and economic stability
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The government cannot and will not tell businesses what they can charge. No one sells at a loss, or for less than replacement cost. Thinking food prices will come down is dreaming.
I also doubt the government will institute rent control.
The government can require merchants to display prices or take back defective or expired merchandise, things like that. They can regulate advertising to prevent scams.
If you want cheaper food, buy chickens or go fishing and plant a garden.
we all know, this won’t happen
Someone needs to force stores to put prices on items. No price no charge law should fix that.
Boo, just lucky dip it to the counter. When the cashier surprises you with an astronomical amount (which is always expected) don’t be afraid to say, “I am leaving it in the store with you.”
By right all items placed on display should be priced, or a price scanner should be available as an option.
For that reason I avoid O**M***. Nothing is marked in the grocery aisles. Who has time to take every item to the end of the aisle to scan for price? With WiFi/bluetooth today, electronic tags which update automatically must be available for the shelves.
I don’t have no faith in this administration to do anything properly so I’ll believe this when I see it.
AND YOU WILL BE AMAZED, OF HOW THE SAME ITEMS AT DIFFERENT STORES / SUPERMARKET CAN COST DOLLARS MORE ITS REALLY APALLING – TO PUT IT NICELY ( JAWS AINT GOT NOTHING ON SOME OF THESE GREEDY BA**ARDS/ ANOTHER RIP OFF IS , BUYUNG GROCERIES AT A SUPERMARKET AND HAVE TO BUY A BAG TO PUT THEM IN ~ HELLO •¿• ARE WE IN THE 21st CENTURY ❓️ WE NEED TO ADAPT THE PRINCIPLE OF ” LIVE AND LET LIVE ” INSTEAD OF THE PREDATOR’S MENTALITY ‘ GRAB – GRAB – GRAB / WHEN YOU GOING ( 6ft ) SEE IF YOU CAN TAKE ALL OF IT WITH YOU ■
a policy without enforcement is just a suggestion