The Australian Competition and Consumer Commission is planning a crackdown on consumer contracts for everything from airline tickets to houses, with a former insider tipping “prosecutions before Christmas”.
In changes hailed as the biggest shift in consumer law for 20 years, standard-form contracts which include unfair terms can now attract fines of up to $50 million after years of light-touch regulation.
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Michael Pelly is the legal editor, based in our Sydney newsroom. He has been a senior adviser to federal and state attorneys-general and written two books, one a biography of former High Court Chief Justice Murray Gleeson. Email Michael at michael.pelly@afr.com
