contact1800 229 500 Blog
NTG Logo

The services provided by BEC
(Darwin Region) Inc are partially
funded by the Australian
Government and NT Government.

Time to review your small business standard form contracts

Eva Pettifor . 11 Aug 2016 . Comments
Time to review your small business standard form contracts

13 weeks to go to review your small business standard form contracts….tick tick tick!

Yesterday, ACCC Deputy Chair Dr Michael Schaper warned businesses that the time to review their standard form contracts for unfair contract terms is running out. The new business-to-business unfair contract term laws will commence on 12 November 2016.

In preparation for the introduction of the new laws, the ACCC has engaged in an education and consultation process with a number of sectors including franchising, advertising services, telecommunication services, retail leasing and independent contracting.

The new law will apply when a term in a small business standard form contract:

  • causes a significant imbalance in the parties’ rights and obligations
  • isn’t reasonably necessary to protect the legitimate interests of the party advantaged by the term, and
  • causes financial or other detriment (such as delay) to a small business if it were relied on.

See the ACCC’s media release and guidance material on business-to-business unfair contract terms for more information.


Copyright Business Enterprise Centre NT. Please seek our permission prior to reproducing this article in any way but feel free to link directly to this page if you wish to use this content.


Did you find this blog article helpful? We'd love to hear your feedback below

Back to Blog