Watchdog Urges Lawmakers To Pass Cooling-off Law

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

Related News Programmes

"); });

2019-11-03 HKT 11:51

Share this story

facebook

  • Gilly Wong says she hopes lawmakers will act on an issue that is important to consumers. Photo: RTHK

    Gilly Wong says she hopes lawmakers will act on an issue that is important to consumers. Photo: RTHK

The head of the Consumer Council, Gilly Wong, says she hope that disputes in the Legislative Council will not prevent the passage of a bill to protect people who sign contracts with fitness or beauty companies.

Under the proposed legislation, people who sign contracts with companies in the two sectors would be given a cooling-off period allowing them to change their minds. It follows complaints of high-pressure sales tactics and expensive contracts that are hard or impossible to cancel.

"We are still cautiously optimistic about the possibility to have the cooling-off period legislated," Wong said. "The reason being that it is related to the affairs of the public, and many consumers, when they purchase beauty and health club services, have been encountering different levels of malpractice.

"No matter how severe the protests are right now, we believe life goes on and people will continue to consume. It is very important to provide them with the right level of protection."

Lawmakers have begun preliminary work on the law, but if a bill isn't passed by the time Legco's term ends next year, all Legislative Work will go back to square one.

Legco's work has slowed amid disputes over the government's failure to meet the demands of protesters who've taken to the streets in the past five months, and pan-democrats have engaged in delaying tactics in the legislature.

Some committees, including the agenda-setting House Committee, have yet to select their chairs.

RECENT NEWS

TOPPAN Edge Becomes Japans First Qualified VLEI Issuer

The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more

SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation

The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more

Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin

South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more

China Funds Research On Stablecoins And Cross-Border Oversight

China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more

XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership

XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more

Brinc Launches VentureVerse Through Acquisition Of OG Club

Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more