Information Asymmetry, GMOs and Strict Liability under the Gene Technology Act 2000 (Cth)
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The significance of this article is to review the important place of information asymmetry in justifying the Gene Technology Act 2000 (Cth) (the Act) and the 'gaps' in the current liability arrangements under the Act. A possible resolution to these 'gaps' is to reinforce the existing liability arrangements under the Act by imposing a general statutory strict liability scheme for any loss or damage resulting from dealings with GMOs covered by the Act. A possible amendment to the Act is set out to illustrate how a more broadly applicable strict liability scheme might be achieved under the current regulatory arrangements.
Queensland University of Technology law and justice journal
© The Author(s) 2005. This is an Open Access article distributed under the terms of the Creative Commons Attribution 3.0 Unported (CC BY 3.0) License (http://creativecommons.org/licenses/by/3.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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