In November 2016, changes were made under Australian Consumer Law to protect small business owners from unfair contract terms. Yet despite the Business to Business Unfair Contract Terms being in place, several corporations have been taken to federal court by the ACCC for providing unfair contracts. So how effective have they been?
Now the Treasury is planning a review of the laws. They want to hear from small business owners on how effective they believe the existing laws are in protecting them.
This is an opportunity for you to share your views on the impact of the UCT protections for small business, whether the objectives have been met and whether any changes are required to improve the current framework.
You can read the discussion paper and make a submission to the Review of Unfair Contract Terms Protections for Small Business via the Treasury website. The closing date for submissions is 21 December 2018.