News and Resources > [Webinar] The New Unfair Contracts Terms: What it means for your business

[Webinar] The New Unfair Contracts Terms: What it means for your business

Onerous and punishing – the new unfair contract terms regime will affect thousands of businesses standard form of contracts.

Is your business prepared for the changes? 

Join us at 12pm on Wednesday, May 24th as we hear Anna Taylor – Principal at Results Legal and Jeff George – Head of Risk and Group Services of NCI discuss the upcoming changes to the unfair contract terms regime which come into force on 9 November 2023.

 

Register to attend the webinar

 

 

About the Webinar

The changes to the unfair contract terms regime bring about significant changes which will likely affect all businesses – specifically contracts which are either entered into or varied with consumers and small business from 9 November 2023.

The presentation will cover:

  • Results Legal’s view of the relevant changes and the impact of the Treasury Law Amendments (More competition, Better Prices) Act 2022 (Cth) on businesses.
  • Potential areas of risk for your business and the penalties and consequences which may follow if your business does not comply with the relevant changes.
  • Practical strategies and tools to be utilised in your business to ensure compliance come 9 November 2023 from a contractual and a commercial day to day perspective.
  • Discussion of key learnings from real life case studies, case law and other legislation relevant to unfair contract terms.

 

Register to attend the webinar

 

 

 

The Speakers

Anna Taylor | Principal, Results Legal

Anna Taylor | Principal, Results Legal

Anna Taylor | Principal, Results Legal

Client-focused and commercial, Anna was the first female Principal at Results Legal and leads the Trade Credit and Debt Recovery team.

A strong advocate for the progression of women, Anna is heavily involved in the Australian Institute of Credit Management (AICM) and the Women in Credit (WINC) initiative run in conjunction with the AICM. Anna is also the chairperson of the legislative committee for the Australian Credit Forum.

Jeff George | Head of Risk & Group Services, NCI

Jeff George |  Head of Risk & Group Services, NCI

Jeff George oversees The Hub service divisions  – Claims, Limits, Credit Services and Collections – and Risk and Compliance throughout NCI.

With such knowledge and experience, Jeff is very much the “go-to” person for clients and throughout NCI for technical matters.

Contact us – We are here to help
If you need legal advice or representation of specialist commercial lawyers concerning a case involving your business, please contact our team at Results Legal on 1300 757 534 or use our contact form to send us a message.

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Call us 1300 757 534

Trade Credit and Debt Recovery Trends

Trade Credit and Debt Recovery Trends

In this video, Results Legal Manging Director Karl Hill discusses what we’re seeing in the trade credit and debt recovery sector in more detail.

Our goal is to assist credit managers and professionals in the credit industry by providing valuable insights into the changing economic and financial landscape.

By staying informed about evolving patterns, you can effectively manage credit risks and identify opportunities to position your business for success. Understanding developments in trade credit and debt recovery will enable you to create strategies for risk mitigation and capitalise on growth prospects in a fluctuating market. This knowledge is vital for

Unfair Contracts: Frequently Asked Questions

Unfair Contracts: Frequently Asked Questions

As the changes to the Unfair Contract Terms Regime have now come into effect, many of our clients have been seeking clarification on what this means for their businesses.

With the new legislation in place, it’s important for companies to fully understand their obligations and ensure they are compliant.

Over the last few months, we have received a range of questions regarding the Unfair Contract Terms Regime, from what constitutes an unfair term to how to draft contracts that align with the new regulations.

In the video below, Special Counsel Robert Shepley has provided answers to some of the most

Results Legal Welcomes Rob Shepley to Lead New Commercial Division

Results Legal Welcomes Rob Shepley to Lead New Commercial Division

Our primary goal is to achieve better commercial outcomes for our clients.

With that in mind, we’re proud to announce the appointment of Special Counsel Robert Shepley who has joined Results to head up our new commercial division.

Results Legal has been a specialist in commercial dispute resolution, focusing on areas such as debt recovery, insolvency, and commercial litigation since its inception.

Our goal is to proactively assist clients in achieving the best possible commercial results. Managing Director Karl Hill said of the appointment, “We believe that early involvement in a transaction is crucial for avoiding disputes and ensuring cost-effective

Corporate Counsel’s Guide to The Unfair Contracts Regime Changes

Corporate Counsel’s Guide to The Unfair Contracts Regime Changes

From 9 November 2023, the amended Unfair Contract Terms Regime is in effect.

 It is crucial for Australian businesses and their legal teams to be fully aware of the potential risks involved.

The consequences of non-compliance include hefty penalties and increased exposure to legal disputes.

Special Counsel Robert Shepley has created the Corporate Counsel’s Guide to the Unfair Contract Terms Regime to help legal teams ensure that their businesses are protected from the risks of unfair terms, ultimately safeguarding their commercial interests.

Download the Corporate Counsel’s Guide to the Unfair Contract Terms Regime

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Results Legal Trends Report November 2023

Results Legal Trends Report November 2023

The current market is challenging and the effects on businesses from COVID are still playing out.

In a recent video, Managing Director Karl Hill provides valuable insights into the market conditions that our clients are experiencing, sharing not only an overview of trends we are seeing in our areas of specialisation, industry trends and recent regulatory changes, but also touching on some of the key matters we are working on.

Topics covered in this video include:

  • Banking & Finance
  • Shareholder & Partnership Disputes
  • Insolvency & Restructuring
  • Trade Credit & Debt Recovery
  • Changes to the Unfair Contract Terms Regime

Is your Credit Documentation and Terms of Trade Unfair?

Is your Credit Documentation and Terms of Trade Unfair?
This article first appeared in Credit Management Magazine, October 2023. Read full Magazine here.

With the introduction of Unfair Contract Terms Regime on November 9th, it is more important than ever for creditors to ensure that their Credit Documentation and Terms of Trade are compliant with existing laws – as failure to do so can now result in your business being exposed to not only increased legal disputes but also new punitive penalties.

In this article, we’ll discuss what these changes mean for you as a creditor and how best approach updating or reviewing the relevant documentation within your business.


Set-Off And Peak-Indebtedness Get The Axe In MJ Woodman And Badenoch Logging Judgments

Set-Off And Peak-Indebtedness Get The Axe In MJ Woodman And Badenoch Logging Judgments

The High Court delivered two judgments on 8 February 2023 to bring about the most significant development to the unfair preference laws and ended many years of uncertainty in relation to the defence of set-off and the application of the running account principle.

For many years, there has been heated debate as to whether:

    1. set-off is available as a defence to an unfair preference claim; and
    2. the “peak-indebtedness rule” is part of the law in Australia.

The High Court decisions of Metal Manufactures Pty Limited v Morton [2023] HCA 1 (Morton) and Bryant v Badenoch Integrated Logging

Be Our Guest at the International Women’s Day WINC Webinar

Be Our Guest at the International Women's Day WINC Webinar

As a proud sponsor of Women in Credit (WINC), we invite you to the first WINC Webinar for 2023, celebrating International Women’s Day on Wednesday, 8th March.

Join speaker Rowena Millward – global business leader and best-selling author of “Uncomfortable Growth – Own Your Reinvention” as she shares four questions to move you from stuck to significance.

If you’re not a member of AICM, we invite you to register and attend as our guest using the code: ResultsWeb at checkout to receive complimentary registration.

Four Questions to Move from Stuck to Significance

Join speaker Rowena Millward – global business leader

Do your terms of sale apply? Are you sure?

Do your terms of sale apply? Are you sure?

When it comes to written agreements in a commercial context, attention is often paid to the drafting and scope of terms. However, evidence suggests, that often, “incorporation” of those terms is key.  In other words, the scope of the terms has no weight if they are not properly incorporated into the contract.