Tag archives: unfair contract terms

Beyond the void – new penalties proposed for unfair contract terms

Commonwealth, state and territory ministers responsible for fair trading and consumer protection have agreed to implement enhancements to unfair contract term protections. The government has been working on the unfair contract term enhancement package for some time but the agreed proposals are only now being revealed for the first time. The announcement comes during a … Continue reading

Not long until unfair contract terms laws apply to insurance…are you prepared?

We last wrote about the upcoming unfair contract terms reforms in our article ‘The ‘fairness revolution’ continues: Government releases draft legislation extending unfair contract terms regime to insurance’. With only 10 months to go until the unfair contract terms laws apply to insurance contracts, insurers and coverholders should prepare for implementation by undertaking a legal … Continue reading

The ‘fairness revolution’ continues: Government releases draft legislation extending unfair contract terms regime to insurance

Following a consultation period last year, the Treasury has released draft legislation to extend the unfair contract terms regime to insurance contracts. In releasing the draft legislation, the government has reaffirmed its commitment to implementing all 76 recommendations from Commissioner Hayne’s Royal Commission Final Report. Consultation is now open until 28 August 2019 following which … Continue reading
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