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Posted 31 August 2016
Category: Strata, Construction, Contracts
Amendments to the Australian Securities and Investment Corporations Act 2001 and the Competition and Consumer Act 2010 to commence on 12 November 2016 will extend to small businesses protections previously only available to consumers. These relate to standard form contracts and essentially allow for challenge of unfair contract terms in such contracts. The amendments to the ASIC Act will apply primarily to financial products and services. The amendments to the Competition and Consumer Act will have much broader application and this article looks at that act and the Australian Consumer Law under that act. The key points are:
Either way, we could assist you in dealing with these issues.
***The information contained in this article is general information only and not legal advice. The currency, accuracy and completeness of this article (and its contents) should be checked by obtaining independent legal advice before you take any action or otherwise rely upon its contents in any way.