Which act regulates unconscionable conduct and misleading representations?

The appropriate regulation of unconscionable conduct and misleading representations falls under the Competition and Consumer Act. This act was established to promote fair trading and competition, ensuring consumers are protected from deceptive practices. It specifically addresses a range of issues, including misleading or deceptive conduct, false representations, and unconscionable conduct in business transactions.

This is particularly important in the context of consumer rights, as it provides a legal framework for individuals to seek redress against companies that engage in unfair practices. The Competition and Consumer Act aims to foster an equitable marketplace by promoting competition and protecting consumers from exploitation, ensuring transparency and honesty in advertising and business dealings.

Other options, such as the Corporations Act, primarily focus on the regulation of companies and the securities market; the Fair Trading Act usually covers similar ground but tends to be jurisdiction-specific and can vary from state to state in Australia; the ASIC Act relates to the regulation of the financial services industry. While they all serve important regulatory functions, it is the Competition and Consumer Act that directly addresses unconscionable conduct and misleading representations in a broader consumer context.