AUSTRALIA Law and Practice Contributed by: Greg Williams, Alexandra Rose, Caitlin Sheehy and Sarah Aljassim, Clayton Utz
Product Liability Perspective From a product liability perspective, much will depend on: • how the recent amendments to the Corpo - rations Regulations 2001 (Cth) to exempt litigation funding schemes from the managed investment schemes regime shape the prod - uct liability landscape in Australia; • the impact of contingency fee reforms in Victoria, where legislative changes in 2020 permitted lawyers to charge ‒ under some cir - cumstances ‒ percentage-based contingency fees in class actions before the Supreme Court of Victoria; and • the High Court of Australia’s judgment on appeal regarding the availability and scope of common fund orders (see 3.1 Trends in Prod- uct Liability and Product Safety Policy ).
safety risks from goods sold online (including secondhand goods); • supporting Australia’s transition to a sustain - able economy, including through education about and raising awareness of safety in sustainable products; • exploring product safety risks associated with the use of emerging technology in consumer products; and • improving product safety data to enhance the ability to identify emerging product safety issues quickly and effectively.
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