Posts tagged "unfair contract"

Debt collectors are chasing small businesses which fall into auto-renewing contracts they can no longer afford, the New South Wales Small Business Commissioner says, highlighting problematic behaviour by big-name service providers and the power imbalance between businesses large and small.

Australia's competition watchdog has welcomed new legislation outlawing unfair contract terms, a long-awaited move advocates and lawmakers say is vital to stop large companies from exploiting the small businesses which supply them with goods and services.

Penalties of $50 million for companies found to have engaged in anti-competitive behaviour could soon be a reality, as the federal government tables legislation that could drastically increase the risks of breaching competition and consumer law.