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ARTICLE · 15 NOVEMBER 2024

Unfair Contract Terms under the Australian Consumer Law and ASIC Act

Matthews Folbigg Lawyers
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New changes to and penalties for Unfair Contract Terms under the Australian Consumer Law.

AustraliaConsumer Protection
Michael Stevens
Michael Stevens
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UPDATE

We provide below an update to the applicability of the Unfair Contract terms national regime, further to our Mondaq Article issued on 23 May 2023 below:

New changes to and penalties for Unfair Contract Terms under the Australian Consumer Law (ACL)

https://www.mondaq.com/australia/corporatecommercial-law/1319814/new-changes-to-and-penalties-for-unfair-contract-terms-under-the-australian-consumer-law

Monetary Penalties

Following the introduction of monetary penalties, and the inclusion of small business contracts, effective from 9 November 2023, the Courts have made several interesting findings with respect to the unfair contract terms regime as governed by the ACL and the ASIC Act.

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