How you conduct your business and the standard of goods and services produced must comply with consumer protection legislation such as the Fair Trading Act 1999 (Vic) and the Trade Practices Act 1974 (Cth). Trade practices which reduce competition or lead to a misuse of monopoly power are illegal, as is deceptive conduct in trade and business. The consequences of failing to comply with consumer protection legislation can be quite severe, especially for small businesses.
There are a number of trade regulations which affect small business. These include regulations on prohibited and restricted substances, quarantine, and moving cargo securely. If you are exporting goods, the laws relating to these matters in the country of destination will also need to be observed.
Your lawyer can advise you on how to conform with the legislation and regulations in this area and implement strategies within your business to ensure compliance.