TRADE
PRACTICES
Unfair contracts - Business to business
contracts excluded
24 June
2009
The Trade
Practices Amendment (Australian Consumer Law) Bill 2009 was
introduced to the House of Representatives today. Among other changes,
this Bill introduces the Government's proposed national unfair contracts
regime.
The Bill has
been amended from the exposure draft so that, for the moment at least, business
to business contracts are exempted. The unfair contract provisions are
instead limited to “consumer contracts”. These are defined as contracts for
the supply of goods and services (or an interest in land) to an individual
whose acquisition of the goods services or interest is wholly or
predominantly for personal, domestic or household use or consumption.
The Minister's
press release is attached.
Click here to read this attachment
We will
prepare and distribute a summary of the new Bill and other provisions it
contains shortly.
If you have
any questions, please contact one of our partners named below.
Richard Westmoreland
Robert Gardini
Peter van Rompaey
(02) 9334 8717
(02) 9334 8619
(03) 8633 7506
Wayne Jenvey
Steve Burns
(07) 3020 2801
(02) 9334 8841
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