Australian Consumer Law Product safety in Australia is governed by the Australian Consumer Law. The ACL is contained in a schedule to the Competition and Consumer Act 2010. Relevant provisions can also be found in state and territory fair trading legislation. Product liability Australia’s product liability laws are a mixture of common law and Federal and state legislation. Fines & penalties Suppliers who fail to comply with product bans, standards or mandatory reporting requirements under the Australian Consumer Law may face enforcement action that attracts fines and pecuniary penalties. Mandatory reporting Under Australian Consumer Law, suppliers are required to report any product-related death, serious injury or serious illness associated with a consumer product.