Media Release – Unfair Contracts A Win For Crossbench & Small And Family Businesses, Farms
Family First Senator Bob Day has today hailed the win for small business today in the Government’s acceptance of Senate amendments to expand the scope of unfair contract protections.
The consumer-style protections enable small businesses (including family farmers) to avoid costly court disputes by seeking to set aside contracts that big businesses try and force upon them. Now small business will also be able to utilise the ACCC to assist with unfair contracts, rather than expensive court proceedings.
The Government bill had proposed that the scope of the scheme only extend to contracts worth $100,000 over 1 year or $250,000 over multiple years. Senator Day moved to expand that to $500,000 and $1.5 million respectively. The crossbench’s amendment that was ultimately accepted by the Government was for $300,000 and $1 million respectively.
“Whilst the final position was not as good for small and family businesses as what Family First was aiming for, it is a compromise and that’s how the crossbench is influencing government policy in a positive way,” Senator Day said.
“I congratulate the new Minister for Small Business Hon Kelly O’Dwyer MP – who I met with in her new role this morning – and my crossbench colleagues who worked together to get a better outcome for small and family businesses than the Government was originally offering.”