Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:105aa:p2
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 105AA (pt 2/3)
Character Range: 376390–378979

is reasonably practicable for the lessor to determine what, on the day on which the goods were last acquired new, was the recommended retail price of the goods (including any related goods and services tax); and
 (iii) on the day on which the goods were last acquired new, identical goods were available for sale to the public from one or more suppliers that were independent of the acquirer of the goods;
  then the amount under this subregulation is the recommended retail price referred to in subparagraph (ii) of this paragraph, reduced in accordance with subregulation (5);
 (b) if:
 (i) paragraph (a) of this subregulation does not apply; and
 (ii) the goods were bought, whether by the lessor or by a previous acquirer of the goods, from a supplier that was independent of the buyer of the goods; and
 (iii) on the day on which the goods were last bought from such a supplier, identical goods were available for sale to the public from that supplier; and
 (iv) it is reasonably practicable for the lessor to determine what, when the goods were last bought from such a supplier, was the price paid for the goods (including any related goods and services tax);
  then the amount under this subregulation is the price referred to in subparagraph (iv) of this paragraph, reduced in accordance with subregulation (5);
 (c) if neither paragraph (a) nor (b) of this subregulation applies, then the amount under this subregulation is the market value of the goods on the lease day.
Note 1: If the lessor was the manufacturer of the goods, see subregulation (6) for when the lessor is taken to have acquired the goods.
Note 2: For market value, see subregulation (7).
 (5) For the purposes of subregulation (4), the price referred to in subparagraph 4(a)(ii) or (4)(b)(iv) is to be reduced by:
 (a) if the period:
 (i) starting on the day the goods were last acquired new as mentioned in subparagraph (4)(a)(ii), or on the day the goods were last bought as mentioned in subparagraph (4)(b)(iv), whichever is applicable; and
 (ii) ending on the lease day;
  is 12 months or less—12.5% of that price; or
 (b) if that period is more than 12 months but less than or equal to 24 months—25% of that price; or
 (c) if that period is more than 24 months but less than or equal to 36 months—37.5% of that price; or
 (d) otherwise—50% of that price.

Other matters
 (6) For the purposes of this regulation, if a lessor was the manufacturer of goods hired under a consumer lease, then the lessor is taken to have acquired the goods on the first day on which:
 (a) the manufacturing process is complete;