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Published by Mathew Kaley
Jun 1, 2020 in Corporate Advisory

Federal Court decision on Unfair Contract Terms provides pointers for insurers

ASIC has used its successful unfair contract terms action against the Bendigo and Adelaide Bank to give a warning to insurers. On 28 May 2020, ASIC obtained judgement in an action against the Bendigo and Adelaide Bank Limited (the Bank) to have several terms within its small business contracts declared unfair1. In commenting on the decision, ASIC Commissioner Sean Hughes used the opportunity to send a warning to insurers,...
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