The Competition and Consumer Act 2010 is an Australian law designed to promote fair trading and competition among businesses. It aims to protect consumers from unfair practices and ensure that markets operate efficiently. The Act covers various aspects, including anti-competitive behavior, consumer rights, and product safety. This legislation is enforced by the Australian Competition and Consumer Commission (ACCC), which investigates breaches and can impose penalties. The Act also includes provisions for mergers and acquisitions to prevent monopolies, ensuring that consumers have access to a variety of goods and services at competitive prices.