Unfair contract terms in focus

Peregrine Storrs-Fox, risk management director at the TT Club, has looked at unfair contract terms in the UK in the light of a significant legal change in Australia. He explained: “Legislation passed by the Australian government has extended protection against unfair terms in standard form contracts beyond consumers to Australian small businesses. This follows a public consultation process, which highlighted that Australian small businesses underestimated the risks contained in standard form contracts and that they, like consumers, should benefit from legislative protection against unfair contract terms.”