Budget 2025: Contract Act among 3,000 outdated laws to be reviewed, says Anwar

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PETALING JAYA: A legislative reform team will review the Contract Act 1950 for amendments to update it in line with the needs of current times, says Datuk Seri Anwar Ibrahim.

The Prime Minister said this was one of the more than 3,000 outdated laws, especially commercial ones, that will need to be reviewed.

Anwar, who is also Finance Minister, said this while tabling Budget 2025 in the Dewan Rakyat on Friday (Oct 18).

The Contract Act is one of the laws that currently provides consumer redress provisions.