Yesterday Amazon was contacted by The Australian Small Business and Family Enterprise Ombudsman over concerns the online retail giant's terms and conditions aren't in line with Australian consumer law.
Amazon contacted Gizmodo with an update on the issue, assuring us that Amazon "will, of course, adhere to all local laws in relation to our agreements with Marketplace sellers".
Here's the full statement:
We look forward to launching Amazon Marketplace in Australia and providing thousands of small businesses and entrepreneurs with tools and services that help them to reach millions of customers and to expand their businesses both here and abroad. We will, of course, adhere to all local laws in relation to our agreements with Marketplace sellers.
Expert analysis has predicted a shocking result for Australian retailers within the first five years of Amazon entering the local market. We're talking major losses for JB Hi-Fi, Myer and Harvey Norman.
The figures are so damning that Harvey Norman may have already lost market value in part based on the analysis, with Gerry Harvey taking a $100 million hit to his personal wealth.
Amazon is setting up shop in Australia, and according to a recent survey, a massive 90 per cent of us online shopping-types will use the service - if it comes good with the low prices, vast selection and fast delivery we've been promised, of course.
And why wouldn't we?
New research shows most Aussie shoppers spend far more in an online store than in a bricks and mortar one.