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ASIC -v- PayPal: How it assists understanding what constitutes an Unfair Contract Term

ASIC -v- PayPal: How it assists understanding what constitutes an Unfair Contract Term

The Federal Court decision of ASIC v PayPal Australia Pty Limited [2024] FCA 762 further clarifies the statutory unfair contract terms regime with respect to standard form contracts and provides another example of ASIC successfully taking action to void an unfair contract term.

Businesses using standard form contracts should review their contracts for potentially unfair contract terms considering recent legislative and common law changes.

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