On 26 February 2020, we published new research on regulatory approaches to consumer vulnerability, prepared for the AER by the Consumer Policy Research Centre (CPRC).
The report, titled Exploring regulatory approaches to consumer vulnerability: A report for the AER examines the opportunities and benefits of different approaches to address consumer vulnerability in regulated markets. It seeks to learn from different experiences and approaches in Australia and internationally. It provides a contemporary understanding of consumer vulnerability, looks at why regulators are focusing on this in regulatory design, and provides some lessons and opportunities for change.
Importantly, the report recognises that understanding the lived experience of consumers in markets is key to delivering effective regulatory responses to vulnerabilities.