The Productivity Commission expects to release its draft report on consumer policy by late July/early August 2007.
The Commission is to report on:
- ways to improve the consumer policy framework to assist and empower
consumers, including disadvantaged and vulnerable consumers, to operate
effectively in increasingly complex markets;
- ways to better harmonise and coordinate consumer policy across
jurisdictions, including by reducing reliance on industry-specific
regulation and making greater use of general consumer regulation;
- any areas of consumer regulation that are unlikely to provide net benefits and which could be revised or repealed; and
- the extent to which more effective use could be made of
self-regulatory, co-regulatory, consumer education and consumer
information approaches and principles-based regulation.
The Commission has completed its intial public hearings.