Competition and Consumer Act 2010
Sch 2 s 35Bait advertising
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35 Bait advertising
(1) A person must not, in trade or commerce, advertise goods or services for supply at a specified price if:
(a) there are reasonable grounds for believing that the person will not be able to offer for supply those goods or services at that price for a period that is, and in quantities that are, reasonable, having regard to:
(i) the nature of the market in which the person carries on business; and
(ii) the nature of the advertisement; and
(b) the person is aware or ought reasonably to be aware of those grounds.
Note: A pecuniary penalty may be imposed for a contravention of this subsection.
(2) A person who, in trade or commerce, advertises goods or services for supply at a specified price must offer such goods or services for supply at that price for a period that is, and in quantities that are, reasonable having regard to:
(a) the nature of the market in which the person carries on business; and
(b) the nature of the advertisement.
Note: A pecuniary penalty may be imposed for a contravention of this subsection.