Unfair contract terms and small business – what it means for property dealings involving councils
At a glance
- The Treasury Legislation Amendment (Small Business and Unfair Contract Terms) Act 2015 (Cth) amendments to Part 2-3 of the Australian Consumer Law come into effect on 12 November 2016
- The amendments extend the scope of the existing unfair contract term provisions from consumer contracts to small business contracts
- Councils should be aware which of their property transactions will be affected
- Councils should check their template leases and licences for compliance with the new regime
Click here to view our Insights article discussing these recommendations and their relevance to councils in more detail.