National Consumer Credit Protection Act 2009

SCHEDULE 1 - NATIONAL CREDIT CODE  

Note:

See section 3 of the National Credit Act.

PART 11 - CONSUMER LEASES  

Division 8 - Repossession, termination and enforcement of consumer leases  

Subdivision B - Termination of consumer lease by lessee  

179A   Statement of amount payable on termination  

179A(1)    
A lessor must, at the written request of a lessee, provide a written statement of the amount required to terminate a consumer lease as at such date as the lessee specifies. If so requested, the lessor must also provide details of the items which make up that amount.

179A(2)    
The statement must also contain:

(a) a statement to the effect that the amount payable to terminate the lease may change according to the date on which it is paid; and

(b) a statement to the effect that the lessee has no right to own the goods if the lease is terminated; and

(c) a statement to the effect that the lessee must return the goods to the lessor by a specified date; and

(d) any other matters prescribed by the regulations.

179A(3)    
A lessor must give a statement, complying with this section, within 7 days after the day the request is given to the lessor.

Criminal penalty: 50 penalty units.

179A(4)    
In the case of joint lessees, the statement need only be given to the lessee who requests the statement and not, despite section 194, to each joint lessee.

179A(5)    
Subsection (3) is an offence of strict liability.

Note:

For strict liability, see section 6.1 of the Criminal Code .