Skip to main content
Financial Assistance Hub

Treasury RIS consultation on Enhancements to Unfair Contract Term Provisions

27 May 2020

The Australian Banking Association (ABA) supports an effective regulatory regime that provides consumers and small business with a strong level of protection from unfair contract terms (UCTs) in standard form contracts.

In our view, making UCTs illegal and attaching penalties will result in a more legalistic approach to contracting and an adversarial process with regulators. We believe that a supervisory focused enforcement approach by regulators can best deliver improved outcomes for small business.

Download PDF  

Latest articles

Australia’s evolving capital markets: A discussion paper on the dynamics between public and private markets
1 May 2025

The ABA thanks ASIC for the opportunity to comment on its discussion paper on the dynamics between public and private markets.

Read more
Clarifying the Treatment of HELP Debt Obligations APRA
20 March 2025

The ABA welcomes APRA providing clarity on the proposed targeted changes for Higher Education Loan Program (HELP) debt obligations and the constructive approach it is taking on this consultation.

Read more
APRA Discussion Paper – A More Effective Capital Framework For A Crisis
8 November 2024

The ABA welcomes APRA’s consultative approach to the potential impacts of the proposed replacement of AT1 capital with higher amounts of CET1 and Tier 2 capital under APRA’s prudential framwork in Australia.

Read more
1 / 3