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Unfair Contract Terms under the Australian Consumer Law and ASIC Act

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. [...]  READ MORE →