ACCC urges businesses to remove unfair contract terms ahead of 9 November 2023 changes | Practical Law

ACCC urges businesses to remove unfair contract terms ahead of 9 November 2023 changes | Practical Law

The Australian Competition and Consumer Commission (ACCC) has urged businesses to remove unfair contract terms in standard form contracts before reforms to the Australian Consumer Law (ACL) come into effect on 9 November 2023. Significantly the reforms prohibit the use of unfair contract terms in standard form contracts and impose substantial penalties for contraventions of the prohibition. This legal update provides a brief recap of the reforms and an overview of Practical Law resources to help navigate compliance.

ACCC urges businesses to remove unfair contract terms ahead of 9 November 2023 changes

Practical Law ANZ Legal Update w-040-6897 (Approx. 5 pages)

ACCC urges businesses to remove unfair contract terms ahead of 9 November 2023 changes

by Practical Law Commercial
The Australian Competition and Consumer Commission (ACCC) has urged businesses to remove unfair contract terms in standard form contracts before reforms to the Australian Consumer Law (ACL) come into effect on 9 November 2023. Significantly the reforms prohibit the use of unfair contract terms in standard form contracts and impose substantial penalties for contraventions of the prohibition. This legal update provides a brief recap of the reforms and an overview of Practical Law resources to help navigate compliance.