“We don’t have to worry, the Consumer Law doesn’t apply to us”- From July 2021, it just might!

On 9 July 2020, the Treasury Laws Amendment (Acquisition as Consumer—Financial Thresholds) Regulations 2020 were approved, meaning that from 1 July 2021 the current consumer price threshold of $40,000 under the Australian Consumer Law (ACL) will be increased to $100,000. The result of this change is that many businesses whose goods and services were previously [...]