Which law protects customers from misleading business practices?

The Competition and Consumer Act 2010 is the correct answer because it specifically aims to promote fair trading and competition, as well as to protect consumers from misleading and deceptive conduct in the marketplace. This legislation incorporates provisions that support consumer rights and ensure businesses operate transparently and honestly. It includes various guarantees and safeguards for consumers regarding the products and services they purchase, establishing a legal framework that penalizes misleading advertising, false representations, and unfair business practices.

Other laws mentioned may touch on aspects of consumer rights, but none are as directly aimed at addressing misleading business practices as the Competition and Consumer Act. For instance, the Privacy Act 1988 primarily focuses on the protection of personal information rather than business conduct. The Consumer Protection Act, though it suggests consumer safeguards, is not a specific Australian law, and the Fair Trading Act varies by state and does provide some protections, but the Competition and Consumer Act operates on a national level, offering broader protections across Australia. Therefore, the Competition and Consumer Act 2010 stands out as the comprehensive legislation that directly addresses misleading business practices.