Document ID: chunk:federal_register_of_legislation:C2010A00044:clause:3_12gnd
Version: federal_register_of_legislation:C2010A00044
Segment Type: clause
Provision Reference: sch 3 cl 12GND
Character Range: 117198–117773

12GND  Declarations
 (1) The Court may, on the application of a party to a consumer contract or on the application of ASIC, declare that a term of such a contract is an unfair term.
 (1A) Subsection (1) does not apply unless the consumer contract is a standard form contract that is:
 (a) a financial product; or
 (b) a contract for the supply, or possible supply, of services that are financial services.
 (2) Subsection (1) does not limit any other power of the Court to make declarations.

Part 9—Miscellaneous

Australian Securities and Investments Commission Act 2001