Ombudsman warning over unfair clauses

Original article by James Eyers
The Australian Financial Review – Page: 21 : 6-Sep-19

Small business ombudsman Kate Cornell suggests that around 50 per cent of all ‘standard form contracts’ offered to small businesses by service providers outside the banking sector could contain clauses that deemed to be unfair. Carnell says that some of the worst offenders in this regard include companies in the advertising and rubbish removal sectors. She has called on companies that may have unfair terms in their contracts to remove them, as to avoid being sued. Bendigo & Adelaide Bank and the Bank of Queensland are being sued by the Australian Securities & Investments Commission.

CORPORATES
AUSTRALIA. OFFICE OF THE AUSTRALIAN SMALL BUSINESS AND FAMILY ENTERPRISE OMBUDSMAN, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, BANK OF QUEENSLAND LIMITED – ASX BOQ, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

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