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ACCC and ASIC Debt Collection Guidelines Quiz

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ACCC and ASIC Debt Collection Guidelines Quiz

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Questions and Answers

What does Section 168 of the Competition and Consumer Act 2010 (Cth) prohibit?

The use of intimidation and scare tactics

The use of verbal abuse and threats

The use of deceptive advertising and marketing tactics

The use of physical force, harassment, and coercion (correct)

What is the maximum penalty for corporate breaches under Section 168 of the Competition and Consumer Act 2010 (Cth)?

$1,100,000

$50,000,000 (correct)

$220,000

$2,500,000

Which individuals or entities are covered by sections 168 and 12DJ of the Competition and Consumer Act 2010 (Cth) and the ASIC Act 2001 (Cth)?

Consumers only

Collectors, investigators, process servers, repossession agents, and clients (correct)

Credit card companies and banks

Government officials only

What have community organizations reported as significant problems for consumers in the context of debt collection?

<p>Undue harassment and coercion</p> Signup and view all the answers

What activities are covered by section 12DJ of the ASIC Act 2001 (Cth)?

<p>Supply of goods and services and collection of related payments</p> Signup and view all the answers

ACCC and ASIC Debt Collection Guidelines Quiz

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Questions and Answers

What does Section 168 of the Competition and Consumer Act 2010 (Cth) prohibit?

What is the maximum penalty for corporate breaches under Section 168 of the Competition and Consumer Act 2010 (Cth)?

Which individuals or entities are covered by sections 168 and 12DJ of the Competition and Consumer Act 2010 (Cth) and the ASIC Act 2001 (Cth)?

What have community organizations reported as significant problems for consumers in the context of debt collection?

What activities are covered by section 12DJ of the ASIC Act 2001 (Cth)?

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