Australian contract law is based on the inherited
English contract law, with specific statutory modifications of principles in some areas. Australian law has developed through the decisions of
Australian courts, especially since the 1980s, and various pieces of legislation passed by the
Parliament of Australia and by the various states and territories. See
contract law for very general doctrines relating to contract law. In Australia, the law of
equity has also played an increasing part in changing the laws regarding contracts, and what occurs when they are breached.