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Articles of Interest
New Legislation: unfair contract terms
The Trade Practices Amendment (Australian Consumer Law) Act (No. 1) 2010s has been passed. This Act renders void unfair terms in standard-form consumer contracts. A contract can however, continue to bind the parties to the extent the contract can operate without the unfair term.
Contracts caught by the legislation include a contract for the sale or grant of an interest in land to an individual who acquires it wholly or predominantly for personal, domestic or household use or consumption (Trade Practices Act 1974 (Cth) Sch 2, Part 2,s2(3))
The key features of.......................................Read More in June 10 Newsbrief
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