The Competition and Consumer Act 2010 [CCA] has replaced the requirement to provide goods and services of merchantable quality with a requirement for ‘acceptable’ quality. Acceptable quality means that the goods are fit for all the purposes for which they are commonly supplied, acceptable in appearance and finish, free from defects, safe, and durable. What is acceptable quality is determined by the nature of the goods, their price, and any statements made on packaging or representation made about the goods by the supplier. The CCA is consumer law, and affects individual transactions with a value less than $40,000.In determining whether goods are of acceptable quality, the following factors need to be considered: the nature and price of the goods, any statements made about the goods on packaging or labels, any representations made about the goods by the supplier or any other relevant circumstances relating to the supply of the goods. Accordingly, acceptable quality is a more demanding requirement than ‘merchantable quality’, as described in the superseded Trade Practices Act. See also Quality.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.