Finalised ACCC Guide to the Unfair Contract Terms Law Now Out

The Australian Consumer and Competition Commission's guide to the unfair contract terms law, which explains the new unfair contracts terms in the Australian Consumer Law, has now been released.

The guide was developed by the ACCC in conjunction with the Australian Securities and Investments Commission and the state and territory consumer protection agencies.

Although the guide is not legally binding, it does set out the regulators' thinking on types of unfair contracts terms.

The guide is essential reading for any business which uses standard form contracts for consumers - including contracts for telecommunications, finance/lending/leasing; domestic construction; gyms, motor vehicles, travel and utilities.