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.
Recent State Administrative Tribunal decisions have assisted in resolving the confusion within the strata industry as to whether the by-laws contained within the Strata Titles Act 1985 (WA) (as amended after 1 May 2020) (New By-laws) apply to strata companies created prior to 1 May 2020.