Australian Consumer Law: unfair contract terms consultation

The Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, the Hon Chris Bowen MP, has released for public consultation a consultation paper entitled The Australian Consumer Law: Consultation on draft provisions on unfair contract terms.

The consultation paper:

• attaches the exposure draft of the unfair contract terms provisions in the Australian Consumer Law, and in relation to financial services;
• provides background to the draft provisions; and
• provides an explanation of the draft provisions, and clarifies related issues, for interested parties.

Interested parties are invited to comment on the draft provisions by Friday, 22 May 2009