Unfair Contract Terms - Act Now! From 9 November 2023, Treasury Laws Amendment (More Competition, Better Prices) Act 2022  ( Act ), made Unfair Contract Terms ( UCTs ) illegal, attracting substantial penalties under the  Competition and Consumer Act 2010 (Cth) and the  ASIC Act 2001  (Cth), with each unfair term forming a separate contravention. The UCTs apply to supply of goods or services or sale or grant of an interest in land. Clients may be impacted by the new laws, name

Mid Year Economic Fiscal Outlook 2023-24 - changing the FRCGW threshold For property lawyers or conveyancers assisting clients sell their property, the Mid-Year Economic and Fiscal Outlook 2023–24 to change the foreign resident capital gains withholding tax (FRCGW) regime threshold will add another layer of costs for their clients. Currently, sellers are required to obtain an ATO FRCGW clearance certificate where the sale price exceeds $750,000. The proposed change applies wh