The Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, the Hon Chris Bowen MP, has released for public consultation a consultation paper entitled The Australian Consumer Law: Consultation on draft provisions on unfair contract terms.
The consultation paper:
- attaches the exposure draft of the unfair contract terms provisions in the Australian Consumer Law, and in relation to financial services;
- provides background to the draft provisions; and
- provides an explanation of the draft provisions, and clarifies related issues, for interested parties.
Interested parties are invited to comment on the draft provisions by Friday, 22 May 2009