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Fair Trading Amendment Bill Introduced

From MBIE:

The Fair Trading Amendment Bill was introduced to Parliament today.

This Bill is a result of the Government’s work on unfair commercial practices and the review of consumer credit law. The Bill:

  • introduces a prohibition against unconscionable conduct in trade;
  • extends the current protections against unfair contract terms in standard form consumer contracts to also apply to business-to-business contracts that form part of trading relationships with a value below $250,000 per year;
  • strengthens the ability of consumers to require uninvited sellers to leave or not enter their premises, including through the use of ‘Do Not Knock’ stickers; and
  • makes a number of minor, technical changes to the Fair Trading Act.

You can follow the progress of the Bill here.

The Bill will likely be considered by Select Committee in early 2020. There will be an opportunity to submit on the Bill at that point.

 

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