Perspective
10 Dec 2021
5 minute read
Unfair Contract Terms Reforms
Background and overview of the reforms
In 2020, the Federal and State Governments have committed to reform and strengthen unfair contract term (UCT) protections for consumers and small businesses.
Unfair Contract Terms protections being extended to also include consumer and small business insurance contracts terms entered into, renewed or varied from 5 April 2021
The release of the Federal Government’s exposure draft of the UCT Reforms Bill in August 2021, which seeks to strengthen protections for consumers and small businesses against unfair contract terms in standard form contracts.
