What it means
Consequential loss is additional, reasonably foreseeable damage that flows from a failure to meet a consumer guarantee. Under the Australian Consumer Law, a consumer may recover compensation for such loss in addition to repair, replacement or refund of the goods or service. Examples include damage to other property or lost income caused by the failure. The loss must have been reasonably foreseeable; remote or unusual losses generally cannot be claimed.
How it's used
When a faulty washing machine flooded the laundry, the owner claimed consequential loss for the damaged flooring.