Situation: an individual rents out a residential investment property (say one bedroom unit). Issue: For the purposes of the Australian Consumer Law or Fair Trading Act Vic, are they engaging in trade or commerce? If they are not engaging in trade or commerce, does this mean they are exempt from Australian Consumer Law and Fair trading Act Vic provisions and just have common law (contracts, torts. equity) and Residential Tenancy Act to consider? FYI, this is not a homework/study question but relates to a situation that may end up in court and I'm looking at what areas of law I need to cover, or in this instance, can ignore.