The Australian Competition Authority concludes that the terms in a warehousing agreement were likely to be unfair in the storage services (GrainCorp)

GrainCorp amends terms in its warehousing agreement* GrainCorp Operations Ltd (GrainCorp) has agreed to amend 19 terms in its Grain Warehousing Agreement with small business grain growers, after an ACCC investigation concluded that these terms were likely to be unfair contract terms under the Australian Consumer Law. The ACCC was particularly concerned about a term which limited GrainCorp’s liability to growers to $100,000, even if the loss was caused by GrainCorp’s negligent acts or omissions. The value of the grain stored on behalf of growers can at times be substantially higher than $100,000, and the ACCC considered that it was unfair to limit

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European Commission, The Australian Competition Authority concludes that the terms in a warehousing agreement were likely to be unfair in the storage services (GrainCorp), 22 March 2021, e-Competitions February 2021, Art. N° 99749

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