Competition and Consumer Regulations 2010 (Cth)
Since 1 January 2012 there have been significant penalties for companies and individuals trading using non-compliant terms, conditions and warranties. If you have not already done so, please contact a member of our Commercial Team in order to have your standard terms and conditions of trade reviewed and amended, in addition to any warranties that you provide to your customers.
Personal Property Securities Act 2009 (Cth)
We also remind you of the imminent commencement of the Personal Property Securities Act 2009 (Cth) and the associated Personal Property Securities Register. A commencement date of 30 January 2012 has now been confirmed by the Government. Many of our clients have updated their terms and conditions to comply with the new Act and Register. If you have not already done so, please contact a member of our Commercial Team to have your documents reviewed.