Consumer Credit Legislation Amendment (Enhancements) Act 2012 (130 of 2012)

Schedule 5   Consumer leases

National Consumer Credit Protection Act 2009

22   After section 178 of the National Credit Code

Insert:

Subdivision B - Termination of consumer lease by lessee

178A Termination before goods have been provided

(1) If:

(a) a consumer lease has been entered into; and

(b) the goods hired under the lease have not been provided;

then the lessee may, by written notice to the lessor, terminate the lease.

(2) Nothing in subsection (1) prevents the lessor from retaining or requiring payment of fees or charges incurred before the termination and which would have been payable under the consumer lease.