Please Pass Cooling-off Law, Says Consumer Council

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-04-21 HKT 11:50

Share this story

facebook

  • Gilly Wong says the council has been waiting years to implement the plan. Photo: RTHK

    Gilly Wong says the council has been waiting years to implement the plan. Photo: RTHK

The chief executive of the Consumer Council, Gilly Wong, is asking lawmakers to support the government's proposal to introduce a mandatory cooling-off period for buying packages for gyms and beauty parlours.

The plan would require such companies to refund consumers who've made pre-payments of over HK$3,000 if they change their mind within a certain period.

However the plan doesn't cover online transactions or timeshare sales, and critics say it won't give enough protection for consumers.

But Wong says the consumer council's been pushing for the measure for years, and it's time to take a step forward: "This is hope every day that the bill can be passed in the current administration; the reason being that if we cannot meet the time it has to start all over again.

"So we have been waiting for five years starting from 2012... maybe even earlier than that. Now it's 2019, we're talking about 10 years, we really want to have it in the current administration."

She added that more unfair trade practices could be regulated in future once this piece of legislation is passed.

RECENT NEWS

Plantos Agentic AI CFO Takes Aim At The SME Lending Gap

Planto, a leading financial technology company specialising in AI-driven banking solutions, officially unveiled its whi... Read more

Hong Kong And Indonesia Explore QR Payment Interoperability

Hong Kong and Indonesia are exploring QR payment interoperability between the two markets. The Hong Kong Monetary Autho... Read more

Who Raises The Alarm, If Synthetic Identity Fraud Has No Victim?

Synthetic identity fraud is one of the fastest-growing fraud types globally, where fraudsters fabricate a person who ne... Read more

SFC Hong Kong Strategic Action Plan Backs Citys Five-Year Plan

Hong Kong’s Securities and Futures Commission (SFC) has unveiled a strategic action plan. It supports the city’s Fi... Read more

Tencent Launches TenPayGo Payment App For Travellers In China

Tencent has launched TenPayGo, a payment app for overseas visitors to mainland China. ITHome (IT之家) reported that i... Read more

Deutsche Bank Deploys Agentic AI To Help Trace Client Wealth For KYC

Deutsche Bank Private Bank has launched an agentic AI tool to support Source of Wealth checks, part of its Know Your Cu... Read more