References in periodicals archive ?
ENPNewswire-September 5, 2019--ASIC Launches Unfair Contract Terms Proceedings Against BOQ
The financial services regulator in Australia, ASIC, has started proceedings against Bank of Queensland (ASX: BOQ)(BoQ) and Bendigo and Adelaide Bank (BEN.AU) for their unfair contract terms.
"The ACCC is committed to taking action against businesses that seek to impose unfair contract terms and we welcome the Government's commitment in March this year to consult on options to strengthen protections for consumers," Ms Court said.
The Competition and Markets Authority (CMA) has committed to investigating whether home owners are being hit with expensive fees or unfair contract terms, as well as whether they are being given all the information they need before signing up.
Trading Standards took them to court over their aggressive sales practices, unfair contract terms and poor workmanship after receiving complaints over a two-year period.
In a joint statement, the dairy farmer representatives of the four UK farming unions said: "For too long, dairy farmers have shouldered too much of the risk in the dairy market and in many cases have been subject to unfair contract terms and trading practices.
The Australian Consumer Law includes provisions that address the use of unfair contract terms in standard form consumer contracts.
Effectively, the new rules combine the Unfair Terms in Consumer Contracts Regulations 1999, Unfair Contract Terms Act 1977, Sale of Goods Act 1979 and the Supply of Goods and Services Act 1982.
CAA plans to start work on unfair contract terms with airlines in accordance with CAA's strategic plan 2016-2021.
"This regulation contains general prohibitions of unfair commercial practices and, in particular, contains prohibitions of misleading and aggressive commercial practices such as misleading advertising, unfair contract terms and the like."
Consumers often feel cheated by their mobile provider, either because of unfair contract terms and conditions or because they didn't understand what they had signed.