Unfair Practices Hurt Consumers, Businesses, Profits: Opinion – Mirage News
In the economy, just as in sport, there are winners and losers. Sometimes you just play better on the day. But the rules of sport are set up to ensure fair play, and that’s how the economy should function too.
When the Albanese government came to office, unfair contract terms were legal. That meant multinationals could put terms in their contracts that provided for automatic renewal, excessive exit fees and unilateral price increases.
Unfair contract terms let multinationals exploit the power balance between them and local businesses. We changed that last year by banning unfair contract terms.
Now we’re turning our attention to unfair trading practices. For example, unsubscribing from a digital streaming service often involves confusing menus, skewed wording and urges to stay a bit longer.
Some sites try to trick users by using a red button for yes and a green button for no.
And there’s search engine manipulation, such as when food delivery companies ensure their site appears above…
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source: https://news.oneseocompany.com/2023/04/10/unfair-practices-hurt-consumers-businesses-profits-opinion-mirage-news_2023041043316.html
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