Legislation

• What is legislation?

  Rules set by the government for businesses
• What is the purpose of consumer protection laws?

  To safeguard consumer rights and interests
• What does the Consumer Rights Act 2015 protect consumers from?

  Problems with purchases of goods and services
• How does the Consumer Rights Act 2015 impact businesses?

  It outlines consumer rights and business obligations
• What is employee protection?

  Legal measures to safeguard employee rights
• What does the National Minimum Wage Act 1999 prevent?

  Exploitation through excessively low wages
• How does the National Minimum Wage Act 1999 impact businesses?

  It increases labor costs for businesses
• What are the key points of consumer protection law?

  • Right to return or reject goods
  • Full information about products must be provided
  • Good standard and quality of products should be met
• What are the benefits and drawbacks of complying with consumer protection laws?

  Benefits:

  • Less likely to be fined
  • Better relationship with stakeholders
  • Good brand and publicity

  
  

  Drawbacks:

  • Compliance can be costly
  • Bad publicity if non-compliant
  • Businesses can be sued by consumers
• What are the key points of employee protection law?

  • No discrimination in recruitment
  • Minimum wage must be paid
  • Health and safety requirements must be met
• What are the benefits and drawbacks of employee protection laws?

  Benefits:

  • Better reputation with prospective employees
  • Reduced staff turnover and costs
  • Motivated workforce

  
  

  Drawbacks:

  • High costs to meet regulations
  • Increased costs from minimum wage
  • Non-compliance can demotivate workers
• What is the purpose of competition policy?

  To restrict anti-competitive practices
• What does the Environment Act 1995 aim to achieve?

  To make businesses responsible for environmental impact
• What is the purpose of health and safety laws?

  To ensure a safe workplace for all
• What are the key components of health and safety laws?

  • Temperature control
  • Noise regulations
  • Breaks for employees
  • Accommodations for disabilities
  • Stress prevention measures
• What is the definition of minimum wage?

  Minimum amount of pay for workers
• What does age discrimination law ensure?

  Equal opportunities for all age groups
• What does disability discrimination law require?

  Adjustments for disabled individuals in workplaces
• What does equal pay law mandate?

  Same pay for both genders for equal work
• What does sex discrimination law ensure?

  Equal treatment of both genders in work
• What do working time regulations specify?

  Maximum of 48 hours per week to work
• What does race relations law require in recruitment?

  Non-discriminatory practices in hiring