The CCL does not make any substantative changes to the law. Only minor amendments are made to update the language and usability of the acts involved. Although the changes to the law are minor, this is a good opportunity to do an overall review of your standard contracts to ensure they are up-to-date with current legislation and operate as you intend.
The CCL will consolidate 11 existing acts by repealing them, and including their provisions into the CCL. The 11 repealed acts will be the:
(together the ‘Old Acts’).
The CCL does not make substantive changes to the existing law. The provisions in the Old Acts are largely transferred over to the CCL, and only minor amendments are made around:
The entirety of the CCL will apply to all contracts entered into on or after 1 September 2017.
For agreements and deeds entered into before 1 September 2017:
Standard contracts referring to any of the Old Acts should be reviewed so that they now refer to the appropriate parts and subparts of the CCL.
It is also a good time to check that your contracts include a standard provision that addresses future legislative amendments. Such provision would state that any reference made in the contract to certain legislative provisions include any subsequent amendments made to those legislative provisions.
Please contact Chris Parke or Aaron Patience if you have any questions regarding the changes brought by the CCL, or require review of your organisation’s contracts.