(1) A corporation must not, in trade or commerce, in connection with the supply or possible supply of financial services to a person, engage in conduct that is, in all the circumstances, unconscionable. (2) Without limiting the matters to which the Court may have regard for the purpose of determining whether a corporation has contravened subsection (1) in connection with the supply or possible supply of services to a person (the consumer ), the Court may have regard to:

(a)

the relative strengths of the bargaining positions of the corporation and the consumer; and

(b)

whether, as a result of conduct engaged in by the corporation, the consumer was required to comply with conditions that were not reasonably necessary for the protection of the legitimate interests of the corporation; and

(c)

whether the consumer was able to understand any documents relating to the supply or possible supply of the services; and

(d)

whether any undue influence or pressure was exerted on, or any unfair tactics were used against, the consumer or a person acting on behalf of the consumer by the corporation or a person acting on behalf of the corporation in relation to the supply or possible supply of the services; and

(e)

the amount for which, and the circumstances under which, the consumer could have acquired identical or equivalent services from a person other than the corporation.

(3) A corporation is not taken for the purposes of this section to engage in unconscionable conduct in connection with the supply or possible supply of financial services to a person merely because the corporation:

(a)

institutes legal proceedings in relation to that supply or possible supply; or

(b)

refers a dispute or claim in relation to that supply or possible supply to arbitration.

(4) For the purpose of determining whether a corporation has contravened subsection (1) in connection with the supply or possible supply of financial services to a person:

(a)

the Court must not have regard to any circumstances that were not reasonably foreseeable at the time of the alleged contravention; and

(b)

the Court may have regard to conduct engaged in, or circumstances existing, before the commencement of this section.

(5) A reference in this section to financial services is a reference to financial services of a kind ordinarily acquired for personal, domestic or household use.

Subdivision D—Consumer protection