On 23 October, the Assistant Treasurer, the Hon Stuart Robert MP, announced that the Government will review the effectiveness of protections for small business against unfair contract terms (UCTs).
The UCT protections for small business have been in place since 12 November 2016. The Assistant Treasurer states that, two years on, the Government wants to ensure that the framework is operating effectively and that appropriate levels of protection are afforded to small businesses.
The review will commence in November 2018 and report to the Government by 1 February 2019. The review will be conducted by the Australian Treasury. Experience and views of stakeholders about the legislative settings will be sought during the review process.