Deloitte: Introduction to the new Australian Unfair Contract Terms Treasury Laws Amendment

February 16, 2023


Dates
Thursday, February 16, 2023

Time
11:00 AM - 12:00 AM E. Australia Standard Time

Early Bird Discount Deadline

Thursday, February 16, 2023

Registration Deadline
Thursday, February 16, 2023

Location

Event Photo

Are your contracts fair?

A rising number of legal, regulatory and social issues are leading to some of the biggest changes to the Australian contracting landscape in over 20 years. Among these changes, is the introduction of the Treasury Laws Amendment (More Competition, Better Prices) Bill 2022 (the Bill), which proposed reforms to the Unfair Contract Term (UCT) regime. The Bill passed both Houses of Parliament and received Royal Assent, and will come into effect on 9 November 2023.

On 27 October 2022, both Houses of Parliament passed reforms to the Treasury Laws Amendment (More Competition, Better Prices) Bill 2022 (the Bill) , which includes the following key changes.

  • Prohibition on Unfair Contract terms;
  • Significant Penalties (The greater of $50 million; 3 times the value of the benefit obtained from the contract; or 30% of the company’s adjusted turnover during the breach turnover period);
  • Court and Regulatory Powers; and
  • Expanded scope of protected contracts.

WorldCC’s Else Bright, will be introducing Bevan Brownhill of Deloitte, who will be taking us through the new Australian Unfair Contract Terms Treasury Laws.

We support a global audience with speakers from around the world. We acknowledge that events listed may not always run during your working hours. Please register for the live event to receive a copy of the recording and enjoy at your convenience.

Event Times

  • 5:30 am Mumbai / New Delhi
  • 7:00 am Bangkok / Jakarta
  • 8:00 am Beijing / Shanghai / Singapore / Hong Kong / Kuala Lumpur / Manila / Perth
  • 10:00 am Brisbane
  • 10:30 am Adelaide
  • 11:00 am Sydney / Melbourne / Canberra
  • 1:00 pm Wellington / Auckland / Christchurch

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Agenda

Speakers

Name Organization
Else-Beate Bright
World Commerce & Contracting
Bevan Brownhill
Deloitte Consulting, LLP
Matthew Morosin
Deloitte

CPD

Hotel

192407