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

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: