Important changes to the Australian Consumer Law: unfair contract terms
The future is here. From 9 November 2023, standard form contracts entered into with businesses that have fewer than 100 employees, or less than $10 million in revenue, will be illegal if they contain ‘Unfair Contract Terms’.
Breaches of the new laws will attract very large penalties, and both the ASIC and the ACCC have flagged that enforcement will be a priority. To find out if your business is affected, read on.