Document ID: chunk:federal_register_of_legislation:C2010A00044:clause:3_12bf
Version: federal_register_of_legislation:C2010A00044
Segment Type: clause
Provision Reference: sch 3 cl 12BF
Character Range: 73194–73859

12BF  Unfair terms of consumer contracts
 (1) A term of a consumer contract is void if:
 (a) the term is unfair; and
 (b) the contract is a standard form contract; and
 (c) the contract is:
 (i) a financial product; or
 (ii) a contract for the supply, or possible supply, of services that are financial services.
 (2) The contract continues to bind the parties if it is capable of operating without the unfair term.
 (3) A consumer contract is a contract at least one of the parties to which is an individual whose acquisition of what is supplied under the contract is wholly or predominantly an acquisition for personal, domestic or household use or consumption.