Unfair Contract Terms and Misleading Representations in the Car Rental Market

In a recent alert, we commented on the ability of unfair contract terms legislation to change the basis upon which various industry sectors contract with their customers. Two very recent examples involving the car hire industry...

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Small Amount Credit Contract Report Finally Released

The eagerly awaited final report of the independent review of the small amount credit contract (SACC) laws and consumer leases was released on Tuesday 19 April 2016 by the Minister for Small Business and Assistant Treasurer, Kelly...

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New Lending Protections for Small Business

ASIC releases guidance on new protections for small businesses against unfair lending contract terms. The Treasury Legislation Amendment (Small Business and Unfair Contract Terms) Act 2015 extends the protections contained in th...

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Responsible Lending Obligations: Saving Borrowers from Themselves

Credit legislation often has a "sting in the tail” - something that was not readily apparent when the legislation was first framed but then comes back to haunt credit providers down the track. We are reminded of what happened...

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Consumer Leasing – a Perfect Storm

The recent release by the Australian Securities and Investments Commission (ASIC) of its report on the cost of consumer leases for household goods (Report 447), coupled with other recent changes, is likely to create a perfect stor...

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Proposed new "unfair contract" laws

If you contract with small businesses here are some things you need to know about proposed new unfair contract laws. What is changing? The Government has released an exposure draft of a bill will amend the Competition and Consum...

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