By: Luke Preston, Partner and Mark Kenney, Special Counsel
The Treasury Legislation Amendment (Small Business and Unfair Contract Terms) Act 2015 (Cth) (Act) makes important changes to the Australian Consumer Law (ACL) which will take effect from 12 November 2016.
The intention of the Act is to extend consumer protection provisions (which previously applied only to individual consumers) to small businesses. The amendments specifically apply to contracts for the supply of goods or services and therefore will impact on smaller construction-related contracts such as purchase orders, minor works, supply agreements, standing order arrangements and some subcontracts.
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