- Current filing route; its turnover option says "equal to or exceeds $3 million," while section 26 of the Act uses "exceeds."
References and citations
- Supplies the goods-acquisition consumer test incorporated by section 6 of the Smart Devices Rules, including the price and ordinary-use limbs and the resale and production-use exclusions.
- Prescribes $100,000 as the current amount for paragraph 3(1)(a) of the Australian Consumer Law.
- Supports ransomware-reporting threshold, timing, and report-content fields in the decision record.
"Information is only required to be given to the extent that the reporting business entity knows"
- Supports product-scope, statement-of-compliance, and retention fields in the decision record.
"The statement must include the following information"
- Supports the required contents and five-year retention period for statements of compliance.
"the period is 5 years"
- Supports keeping separate records for Part 2 product duties and Part 3 ransomware reporting because the Act sets different triggers and obligations.
"This Act also provides an obligation to report payments or benefits"
- Explains that examples of consumer-grade products include smart TVs, smart watches, home assistants, baby monitors, and consumer energy resources.
"smart TVs, smart watches, home assistants, baby monitors, and consumer energy resources"
- Clarifies that a statement is a regulatory record and need not be physically provided with the product at the point of sale.
"Statements of compliance are not required to be provided with the product at point of sale"