A range of national reform projects agreed to by the Council of Australian Governments (COAG) affect the laws administered by NSW Fair Trading. The changes take effect between 1 July 2010 and 1 July 2013.
Information will be updated here as the projects progress and include reference to websites and resources, when and where available. You may also wish to subscribe to Fair Trading's free What's new alerts to receive automatic updates.Current projects
From 2014, selected NSW licence holders will become part of a new national occupational licensing system. The new system will replace the existing state and territory based licensing arrangements.
Initially, the National Occupational Licensing System will affect the following occupations:
In the future, the national system will also include other building related occupations.
The new Australian Business Licence and Information Service (ABLIS) replaces individual State and Territory BLIS services. In NSW this service supercedes the previous service provided through the BLIS website.
16 October 2012
The Australian Securities and Investments Commission (ASIC) is responsible for the registration of business names including a national registration service for business names. Existing registered business names have been transferred to the national system and have attained a national registration status.
New businesses will need to obtain an ABN before they can register a national business name. Businesses will be able to use an online service to register national business names. The online application service will include a link to a trademarks search.
28 May 2012
To renew an existing business name that was due for renewal before 28 May 2012, find out more information on our Business names page.
The Australian Government’s Personal Property Security (PPS) reform brings the different Commonwealth, State and Territory laws and registers regarding security interests in personal property under one national system. PPS reform introduces the Personal Property Securities Act 2009 (Cth) and a single national online PPS Register, replacing REVS in NSW. The Personal Property Securities Register is administered by the Insolvency and Trustee Service Australia.
30 January 2012
The Australian Consumer Law (ACL) replaced Commonwealth, State and Territory consumer protection legislation in fair trading acts and the Trade Practices Act 1974 on 1 January 2011. The ACL is contained in a schedule to the Competition and Consumer Act 2010.
In NSW the Australian Consumer Law (NSW) replaced parts of the NSW Fair Trading Act 1987.
Aspects of the ACL are also reflected in the Australian Securities and Investments Commission (ASIC) Act 2001 to protect consumers of financial products and services.
The key changes in NSW apply to:
There is joint enforcement of the law by the Australian Competition and Consumer Commission (ACCC) and State and Territory consumer protection agencies.
1 January 2011 – the remaining provisions as listed above.
A national system of trade measurement administered by the Commonwealth by the National Measurement Institute (NMI), a division of the Department of Innovation, Industry, Science and Research commenced on 1 July 2010.
1 July 2010
Responsibility for regulating consumer credit and finance broking transferred to the Commonwealth on 1 July 2010. The Australian Securities and Investments Commission (ASIC) will administer the legislation.
Products that will be regulated under the national credit regime include home loans, personal loans, credit cards, consumer leases, overdrafts and line of credit accounts, among other products and services.
NSW Fair Trading will continue to administer the maximum annual percentage rate until 1 July 2011.
1 July 2010 – National credit code
1 January 2011 – Chapter 3, National Consumer Credit Protection Act 2009