Australian Consumer Law (ACL) guarantees to increase to $100K AUD


From 2020-07-01, the mandatory minimum consumer guarantees specified in the ACL (and also financial services) will apply to goods and services costing up to $100k. Presently the upper limit is $40k. Goods must be fit for purpose (which includes safety as well as function) and of reasonable quality. Professional services must be provided with skill and proper care. Minimum guarantees provided in law cannot be excluded in contracts. While there are certain exclusions for some business transformation type transactions, a business can be classed as a “consumer” also.

For further information see:
https://www.mondaq.com/australia/consumer-law/977602/threshold-for-acl-consumer-guarantees-set-to-increase-to-100k?email_access=on

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