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Proposed reforms to the unfair contract terms regime are back on the agenda

Content updates

On 28 September 2022, the Labor government delivered on its election promise and introduced proposed reforms to the unfair contract terms (UCT) regime in Parliament. The proposed reforms set out in Schedule 2 of the Treasury Laws Amendment (More Competition, Better Prices) Bill 2022 (Cth) (TLA Bill 2022) strengthen protections for consumers and small businesses relating to UCTs in standard form contracts, in particular by prohibiting the use of UCTs and introducing civil pecuniary penalties.

The Legal update, Proposed reforms to the unfair contract terms regime are back on the agenda provides an overview of the TLA Bill 2022 and provides tips on what businesses can do now in anticipation of the proposed reforms becoming law.

By Practical Law Commercial Team

Practical Law Australia’s expert legal writers have practical expertise gained from some of the country's leading law firms and corporate legal departments, including Ashurst, Baker & McKenzie, Gilbert + Tobin, Herbert Smith Freehills, the Australian Broadcasting Corporation (ABC) and more. They understand the pressure to deliver timely and cost effective legal advice, which is why Practical Law’s fully maintained practice notes, precedents, drafting notes and checklists offer clear and concise know-how with a practical perspective.

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