Tagged With "penalty"

Topic

Businesses face up to $50 million or 30 percent turnover in fines for unfair contract terms

Art Post · 11/1/229:06 PM

Parliament has passed a bill to impose the first-ever financial penalties for companies that have been found to have provided unfair contract terms. The Treasury Laws Amendment (More Competition, Better Prices) Bill 2022, which passed both houses of Parliament last week, focused on the increase in maximum financial penalties for those who have breached the Competition and Consumer Act. The bill also added unfair contract terms to the Act. The penalties of offending businesses will be the...

<ul id="{%=id%}ButtonGroup" class="button-group h-popup-buttons even-button-group even-1">
    <li id="{%=id%}Okay_buttonContainer"><a id="{%=id%}Okay" href="javascript:void(0);" class="button success no-margin-bottom h-alert-modal-ok-button" role="button">OK</a><script type="text/javascript">
        (function() {
            function {%=id%}Okay_click(event, data) {
            {%=id%}Popup.hide();
        }
        
                $('#{%=id%}Okay').on('click', {%=id%}Okay_click);
        })();
    </script></li></ul><a href="javascript:void(0);" class="close-reveal-modal" aria-label="Close Modal">&#215;</a><div class="last-modal-focus focus-utility-element" tabindex="0"></div>
</div>
<script type="text/javascript">
        (function() {
            {%=id%}Popup = new SS.Popup.ModalPopup('{%=id%}');
        })();
    </script>

Skip to main content

Businesses face up to $50 million or 30 percent turnover in fines for unfair contract terms

Membership Required

Remove From Your Block List

Manage Follow Preferences

Block

Premium Membership Required

VIP/Premium Membership

Please wait...