Financial Sector Reform Act 2022 (87 of 2022)

Schedule 4   Consumer credit reforms

Part 5   Consumer leases for indefinite terms

National Consumer Credit Protection Act 2009

70   After subsection 179(1) of the National Credit Code

Insert:

Consumer leases for indefinite periods

(1A) A lessee under a consumer lease for an indefinite period may, at any time, end the lease by returning the goods hired under the lease to the lessor:

(a) during ordinary business hours; or

(b) at such other time as may be agreed with the lessor or fixed by the court on the application of the lessee.