Reform to the Regime: Protections against unfair contract terms set to be strengthened
In November 2020, the Federal and State Governments' announced their mutual intentions to amend the Unfair Contracts Regime (the Regime) to enhance the protections offered by the current Regime. After a twelve-month investigation, it was found that unfair contract terms continued to be prevalent in standard form contracts despite the existing Regime. The agreed reforms are set to better protect consumers as well as increase thresholds to...