National Consumer Credit Protection Act 2009
View history note
Hide history noteA licensee must not:
(a) enter a consumer lease with a consumer who will be the lessee under the lease; or
(b) make an unconditional representation to a consumer that the licensee considers that the consumer is eligible to enter a consumer lease with the licensee;
on a day (the lease day ) unless the licensee has, within 90 days (or other period prescribed by the regulations) before the lease day:
(c) made an assessment that:
(i) is in accordance with section 152 ; and
(ii) covers a period in which the lease day occurs; and
(d) made the inquiries and verification in accordance with section 153 .
Civil penalty: 5,000 penalty units.
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