In November, the ACCC reported on terms in standard form contracts that might raise concerns under the new business-to-business unfair contract terms law. The law came into effect on Saturday, 12 November.
Over 12 months, the ACCC worked with some of Australia’s largest businesses to identify clauses in their existing contracts that could become problematic under the new law.
The majority of these businesses agreed to make positive changes to their contracts, removing some clauses and amending others.
The report provides an industry-by-industry breakdown of potentially concerning terms in seven industries: advertising services, agriculture, franchising, independent contracting, retail leases, telecommunications services and waste management.
The report is available on the ACCC’s website.