Unfair Contract Terms Protections Extended to Small Businesses.
As of November 2016, the Treasury Legislation Amendment (Small Business and Unfair Contract Terms) Act 2015 extended the unfair contract terms protections to cover small businesses. Prior to this only consumers benefited.
Federal Court of Australia Rejects ASIC’s Effort to Clamp Down On Access to Short-Term Loans.
In the matter of Australian Securities and Investments Commission v Teleloans Pty Ltd  FCA 648, the Federal Court of Australia has dismissed a bid by ASIC to shut down the short-term lending business of a Gold Coast-based lender represented by Elliott May Lawyers.