Legal Framework and International Conventions affecting LVHMSA

LVMHSA 1
Legal Framework and International Conventions affecting LVHMSA
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6th May 2019

LVMHSA 2
Executive Summary
This research papers seeks to highlight the legal framework and conventions and treaties
affecting LVMHSA group of companies. The laws and treaties apply to all business entities;
however, this paper will focus on the specific laws affecting LVHMSA Company. LVMH’s
subsidiary companies that are located in foreign countries (Moet Hennessy Australia Pty Ltd
in this case located in Australia) have to comply with the local and international trading laws.
The laws relevant here are the Australian Consumer Law (ACL), Competition and Consumer
Act 2010 (CCA), and The Corporations Act 2001.
Key Words: LVMHSA, Moet Hennessy Australia Pty Ltd, legislative frameworks, treaties,
and conventions

LVMHSA 3
Table of Contents
Executive Summary...................................................................................................................2
Introduction................................................................................................................................4
Legislative Regulatory Framework in Australia........................................................................4
Business Registrations...........................................................................................................4
Australian Corporations Law.................................................................................................5
Competition and Consumer Act 2010 (CCA)........................................................................6
Australian Consumer Law..................................................................................................6
Trade Practices Act............................................................................................................7
Codes of practice................................................................................................................7
Treaties, conventions, and agreements that have impacted on the products or services that
LVMHSA provides in Australia................................................................................................8
Corporations Agreement 2002...............................................................................................8
Australian Free Trade Agreements (FTAs)........................................................................8
The Multilateral Convention..............................................................................................9
Agreement on Technical Barriers of Trade (TBT Agreement)..........................................9
Impact of Australian legislation and treaties on the provision of products and services.........10
Conclusion................................................................................................................................11
References................................................................................................................................12

LVMHSA 4
Introduction
LVMH Moët Hennessy Louis Vuitton SA is a worldwide multinational corporation that was
founded in 1987 by the Arnault Family (Bernard Arnault) (LVMH.com, 2019). The company
deals with luxury goods and has its headquarters based in Paris, France. LVMH is a top
employer boasting of 145,247 employees globally. The company through its subsidiary
(Moet Hennessy Australia Pty Ltd) has employed 81 personnel in Australia. The company
has a series of foundations; it consists of the acquisition of Louis Vuitton by Moët Hennessy.
LVMHSA has about sixty independently managed subsidiaries that produce prestigious
commodities (LVMH.com, 2019). Deloitte’s “Global Powers of Luxury Goods” ranked LVH
as the first luxury consumer goods company. LVMHSA deals with several products: Fashion
outfits, Cosmetics, Fashion trappings, Jewelleries, Colognes, Spirits, Watches, and Wines.
This research will look into the legal framework and conventions and treaties operational in
Australia and how they impact LVMHSA group of companies.
Legislative Regulatory Framework in Australia
Business Registrations
Before beginning, any business operation in Australia business owners must register with the
necessary trade authorities. The business name is not the only registration sort by businesses;
there are various tax registrations that a business owner should make (Lignier and Evans,
2012). They include:
 Australian Business Number (ABN)
Moet Hennessy Australia Pty Ltd has an ABN (26 104 454 604) (Abr.business.gov.au.,
2019).
 Goods and Services Tax (GST)
Moet Hennessy Australia Pty Ltd has an active GST that was registered on 16th April 2003
(Abr.business.gov.au., 2019)
 Tax File Number (TFN)
Moet Hennessy Australia Pty Ltd’s TFN is discussed under the Australian Corporations Law.