Many business owners seem to be blissfully unaware of the ticking time bomb which is the Unfair Contract Terms legislation. The Unfair Contract Terms legislation introduces new penalties if a standard contract is entered into containing unfair contract terms after 9 November 2023. This is a nationwide law and the penalty could be $50 million. An unfair contract term can come in a number of forms including the seemingly innocuous “Entire Agreement” clause, restraints of trade an...

The ACCC has recently taken a strong stance against resale price maintenance by accepting a court-enforceable undertaking from wholesale lighting and electrical supplier, Brilliant Lighting (Aust) Pty Ltd, who admitted to engaging in such act by not allowing their retailers and distributors to display headline prices on their websites below certain levels. Resale price maintenance is a practice where suppliers prevent resellers from advertising or selling products below a set minimum pr...