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Building debt and statutory demand considered

The Queensland Supreme Court recently considered a number of issues concerning the use of a statutory demand in pursuing amounts owed to a builder under a building contract. A statutory demand is a process where a creditor issues a demand to the debtor company, requiring payment within 21 days or an application to be filed […]

Unfair contract terms regime gets bite

The current unfair contract terms legislation has the effect that consumers and small businesses (currently businesses with less than 20 employees) can seek to avoid unfair terms in contracts. A term of a standard contract is potentially unfair if it: (a) causes a significant imbalance between the rights of the parties; (b) is not reasonably […]