The Australian Competition and Consumer Commission (ACCC) received a total of 911 mandatory reports in the first six months of the mandatory reporting product safety requirement.
The new policy, which was introduced under the Australian Consumer Law, triggered 40 recalls during the period.
ACCC deputy chair Peter Kell said the mandatory reporting has resulted in the improvement in product safety with the removal of hundreds of unsafe products.
"It’s important for suppliers to remember that the law makes it clear that a mandatory report is not an admission of liability and an ACCC assessment will only lead to a product recall when it is necessary to protect consumers," he said.
The law applies to any business selling, exchanging, leasing, hiring or hire-purchasing of goods, or the granting or conferring of product-related services such as repair or installation. Approximately 40 per cent of reports have come from retailers, 40 per cent from manufacturers, and 20 per cent from other suppliers.
The ACCC is now reminding businesses that they must notify the ACCC within two days if they become aware that a product they have supplied has caused or may have caused serious injury, illness or death.