100 percent, we need to review the Fijian Competition and Consumer Commission.
Those are the comments of the FCCC CEO, Joel Abraham when questioned on fijivillage Straight Talk With Vijay Narayan on whether there are a a lot of loopholes in the FCCC Act which was the Commerce Commission Decree 2010.
Abraham says our law is copied of the Australian Trade Practices Act of 1974, and the Commerce Commission Decree 2010 is now the FCCC Act.
He says while the decree came into force in 2010, it was a copy paste of three legislations which were the Counter Inflation Act 1975, Fair Trading Decree 1992 and the Commerce Act of 1998 put together to make the Commerce Commission Decree.
Abraham says they are reviewing the law with the assistance of the ADB and are in the consultation phase.
When asked on whether people who have paid exorbitant prices from August 1st can seek compensation, Abraham says this cannot be done under the law.
He also says the current law does not really say what constitutes a reasonable increase.
Full Straight Talk video below:
