New information to assist automotive keep away from unfair contract phrases

Automotive trade enterprise homeowners now have a complete information to assist shield towards unfair contract phrases, because of the Motor Trades Affiliation of Australia (MTAA).

MTAA sats that unfair contract phrases are sometimes troublesome to interpret and might cover in complicated tremendous print.

MTAA, with the assistance of HWL Ebsworth Attorneys, have ready Unfair contract phrases within the automotive trade: The whole lot you might want to know, a information that helps enterprise homeowners recognise unfair contract phrases, what they imply for his or her operations, and what they’ll do about them, so that they don’t discover themselves in unequal and untenable conditions.

The Treasury Legal guidelines Modification (Extra Competitors, Higher Costs) Invoice 2022 (Cth), imposing penalties for unfair contract phrases, acquired royal assent on 9 November 2022.

The brand new laws – which comes into impact on 10 November 2023 – amends the Competitors and Shopper Act 2010 (Cth) and the Australian Securities and Funding Fee Act 2001 (Cth) to impose penalties for proposing or counting on unfair contract phrases. Guaranteeing commonplace type contracts don’t comprise any unfair contract phrases is now much more necessary.

MTAA’s information can help enterprise homeowners in all sectors of the automotive trade to make sure they’re prepared for the unfair contract phrases modifications.

“MTAA has produced a doc in line with the imaginative and prescient, objective, and values of MTAA and its members,” MTAA chief govt Geoff Gwilym says.

“Unfair contract phrases within the automotive trade: The whole lot you might want to know is the ‘go to information’ for automotive companies. It’s simple to learn and easy to navigate. There’s nothing of its variety available on the market.”

The information options 15 automotive trade sectors, with 41 unfair contract time period examples, defined in plain English. The excellent info throughout the information seeks to simplify complicated unfair contract phrases laws to create a usable information for everybody within the automotive trade.

“MTAA has lengthy held its dedication to the trade to supply info that’s related and demanding to its members’ enterprise success. That is yet one more instance,” Gwilym says.