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Fair Trading Amendment Bill

Introduced on Dec 17. The Bill amends the Fair Trading Act to create a new offence of unconscionable conduct in trade. It also extends the Act’s existing protections against unfair contract terms in standard form consumer contracts to also apply to small trade contracts of less than $250,000 in any 12-month period. First reading on Feb 12 opposed by National and ACT saying they were unhappy with aspects of the Bill, most notably the lack of definition around unconscionable conduct. Sent to the Economic Development, Science and Innovation Committee. Fair Trading Amendment Bill