Seven Day Cooling-off Period Mooted For 3 Trades

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

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1392011_1_20180419190214.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1392011-20180419.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1392011-20180419.htm', 'DCS.dcsqry', '' ); } } }); }); });

2018-04-19 HKT 11:23

Share this story

facebook

  • The Consumer Council says the government needs to appoint a statutory body to enforce the law. Photo: RTHK

    The Consumer Council says the government needs to appoint a statutory body to enforce the law. Photo: RTHK

The Consumer Council has proposed imposing a mandatory cooling-off period for the beauty and fitness industries and time-share schemes.

The watchdog said it has received numerous complaints about unscrupulous sales tactics adopted by these sectors in recent years, and there's a need to step up the protection of consumer rights as soon as possible.

The chairman of the council, Wong Yuk-shan, said the cooling-off period should be for at least seven days so that consumers will have a chance to change their minds.

The refund process, meanwhile, should be completed within 14 days, he said.

The Consumer Council added that companies should bear civil liabilities if they violate the requirement. It called on the government to appoint a specific statutory body to enforce the law.

Civic Party legislator Kwok Ka-ki said he had already spotted loopholes in the proposals. He noted that beauty parlour and gym contracts lasting less than six months would not be protected, and said companies could use this to get round the future legislation.

"We need to have a kind of licensing system for these beauty parlours and also these fitness centres," Kwok said.

The Secretary for Commerce and Economic Development, Edward Yau, said on Wednesday that the government plans to submit a draft bill on the cooling period this year.

RECENT NEWS

Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access

Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more

HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site

The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more

Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects

The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more

Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China

At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more

HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus

The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more

How Gaming Giants Are Redefining The Experience Of Paying

Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more