Published: 21 November 2011
Businesses warned to back up carbon-price claims
The Australian Competition and Consumer Commission has launched a guide for businesses on carbon-price claims.
The ACCC is on the alert for companies unable to substantiate price rises attributed to the impact of carbon pricing.
‘The ACCC is launching this guide to assist business in understanding their rights and obligations when making claims about the impact of a carbon price,’ says ACCC chairman, Rod Sims.
‘Business costs increase all the time, and businesses are free to set their own prices. However, if a business chooses to raise their prices they should not misrepresent this as a result of the carbon price when it is not the case.
‘This is not new – the message is simple: if you are going to make a claim, you need to make sure it is right.’
Australian Consumer Law provides the ACCC with powers that will be used to investigate the accuracy of claims about the impact of a carbon price.
The ACCC may issue a substantiation notice that requires a business to provide information to support any claim it makes about the impact a carbon price.