How will the upcoming changes to unfair contract laws impact startups and scaleups?
Significant changes to unfair contract terms laws (UCT) come into effect on 9 November 2023. These changes will affect businesses of all sizes, including startups and scale-ups that use standard form contracts when dealing with consumers or small businesses. The new unfair contract term laws are found in two different pieces of legislation – the Australian Consumer Law (ACL)[1], and the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act). The nature of the goods and services you supply as a startup (or other business) partially determines which piece […]