Part A – consumer legislation affecting a procurement contract. You should referto week 2 for the website links and notes to access the legislation.Part B – Australian Standards. You should refer to weeks 3, 4 and 9 for the notesand the supplementary reading material regarding contracts (uploaded to yourVU Collaborate page) and AS4000-1997 to answer this part.PART A – CONSUMER LEGISLATION AFFECTING PROCUREMENT CONTRACTSBackgroundYou should refer to the notes and in-class exercise from week 2 and Schedule 2of the Competition & Consumer Act (Cth) 2010:Schedule 2 sets out a number of different consumer protections which areautomatically given to consumers who acquire goods or services in the course ortrade or commerce. Generally, these protections apply to goods or services thatcost less than $40,000 or are used for personal or domestic use.TaskOn 19 December 2014, the Australian Competition and Consumer Commission(ACCC) published a media release (MR 317/14) regarding action taken againstLivingSocial Pty Ltd (Living Social), an online group buying site1. Read the media release and the published undertaking at the bottom of themedia release page.2. Summarise what the breach was, including:a. identify the section(s) of the ACL that was breached;b. summarise the main issues why the ACCC took action againstLiving Social; andc. discuss what consumer protections the ACCC was trying toachieve. (15 marks)3. Summarise the Undertaking entered into between the ACCC and LivingSocialPty Ltd, including what actions were agreed to be taken. (5 marks)PART B – GENERAL CONTRACTUAL PRINCIPALS – DISPUTE RESOLUTIONBackgroundYou should refer to the following:Class notes from weeks 3, 4 and 9; the Contract Notes, which can be found under the supplementary readingmaterial on the VU Collaborate page; and Australian Standard AS 4000-1997.Task1. Read through chapter 6.4.1 of the Contract Notes and summarise the 4main types of damages and the requirement to mitigate loss. (8 marks)2. Read through chapter 6.5 to 6.5.7 (inclusive) – summarise the 4 mainways a contract can be terminated / brought to an end. (8 marks)3. Refer to AS4000-1997:a. Identify the 4 main clauses that deal with termination of thecontract; and (2 marks)b. map out the steps and time frame to resolve a dispute. (2 marks
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