Lenders to amend loan agreements to remove “unfair contract terms” to avoid risk of harsh penalties.
The new “unfair contract terms” provisions came into play on and from 9 November 2023, and captures Lender’s loan agreements and term sheets.
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Lenders to amend loan agreements to remove “unfair contract terms” to avoid risk of harsh penalties.
The new “unfair contract terms” provisions came into play on and from 9 November 2023, and captures Lender’s loan agreements and term sheets.
In 2016 the Australian government introduced a new law that will come into effect on 9 November 2023 to protect small business from unfair terms in business-to-business standard form contracts. Are you are compliant?