Electronic transaction revamp Bill passed

Electronic transaction revamp Bill passed

Summary: A Bill to update transaction laws to deal with sealing contracts in the electronic world was passed yesterday.

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in brief A Bill to update transaction laws to deal with sealing contracts in the electronic world was passed yesterday.

Contracts are increasingly being created by parties from all over the world, requiring a rejig of Australia's legal framework, Attorney-General Robert McClelland said. The Electronic Transactions Amendment Bill 2011 updates the Electronic Transactions Act 1999 to enable this.

"The Bill provides legal certainty for the operation of traditional contract laws in the electronic environment to meet the needs of present day business practices, including clarifying the time at which a contract is formed and determining the location of the parties," McClelland said.

The amendments will see Australia's Electronic Transaction Acts aligned with the United Nations Convention on the use of Electronic Communications in International Contracts 2005, which will enable the government to accede to the UN convention.

Topics: Government, Government AU, Legal

Suzanne Tindal

About Suzanne Tindal

Suzanne Tindal cut her teeth at ZDNet.com.au as the site's telecommunications reporter, a role that saw her break some of the biggest stories associated with the National Broadband Network process. She then turned her attention to all matters in government and corporate ICT circles. Now she's taking on the whole gamut as news editor for the site.

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