Response to Unfair Trading Practices protections for small businesses Consultation Paper
HIA has responded to a Treasury consultation on extending Unfair Trading Practices protections to small businesses under Australian Consumer Law. The proposal would treat small businesses as consumers, giving them new legal protections.
Will small building businesses get stronger protection against unfair trading practices?
Builders and trade contractors could gain stronger legal protections against unfair commercial dealings with suppliers or clients. May reduce exploitation in contracts and purchasing.
Key takeaways
- HIA has submitted a response to Treasury's consultation on Unfair Trading Practices protections for small businesses.
- The proposal would extend Australian Consumer Law protections to small businesses as if they were consumers.
- Trade businesses could gain new legal grounds to challenge unfair commercial conduct from suppliers or clients.
- The consultation is still ongoing, so no changes to law have been confirmed yet.
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