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New to Practical Law: Unfair contract terms toolkit

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From 9 November 2023, unfair contract terms will no longer simply be found void and courts will have the right to order substantial penalties. Are your consumer and small business contracts compliant? 

From 9 November 2023, the use of unfair contract terms in standard form consumer contracts and small business contracts is prohibited and a court may order significant penalties for violations of the prohibition, including fines of $2.5 million for individuals and $50 million, or more in certain circumstances, for corporations. 

Practical Law's new Toolkit, Unfair contract terms provides an overview of Practical Law's unfair contract terms resources to assist legal practitioners navigate compliance.

By Practical Law Commercial Team

Practical Law Australia’s expert legal writers have practical expertise gained from some of the country's leading law firms and corporate legal departments, including Ashurst, Baker & McKenzie, Gilbert + Tobin, Herbert Smith Freehills, the Australian Broadcasting Corporation (ABC) and more. They understand the pressure to deliver timely and cost effective legal advice, which is why Practical Law’s fully maintained practice notes, precedents, drafting notes and checklists offer clear and concise know-how with a practical perspective.

For more information on Practical Law Australia’s legal writing team, visit legal.thomsonreuters.com.au/practical-law-team

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