Australia consumer law is the national rules that govern both fair trading and consumer protection.  The Australia consumer law applied to all Australian businesses. Australia consumer law started in 2011 and is a cooperative reform of both Australia government and States and territories which occur through law and governance forum of the consumer affairs. The law is administered by both the Australian Competition and Consumer Commission and State and Territory Consumer protection agencies in conjunction with Australian Securities and Investment Commission. The Australia consumer law allows the Commonwealth minister to prescribe the information standards about certain information required to be provided by the supplier of the consumer goods and services.   According to the Australia consumer law, the consumers have right to deliver what they promised if the business fails. In Australia, consumer law includes the national product safety law, national law guaranteeing consumer rights when buying goods and services, national unfair contract terms law which covers standard form consumer and small business, simple national rules for lay-by agreements and penalties, enforcement powers and the redress options.  Australia consumer law prohibits false or misleading representations, harassment and supply of inappropriate goods and services to consumers. The Australia consumer law was recommended by the productivity commission in 2008. This is because the productivity commission found that the Australia consumer law could deliver about $1.5 to $4.5 billion to help Australian community. The Australia consumer law provides that some breaches are serious such that they may be treated as a criminal offense.  This law deal has statutory rules that deal with liability claims for loss or damage of the consumer goods.  Australia consumer law creates national powers which are to be used by consumer law regulators which include penalties and remedies for breach of Australia consumer law.

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