Document ID: chunk:federal_register_of_legislation:C2012A00130:clause:1_151
Version: federal_register_of_legislation:C2012A00130
Segment Type: clause
Provision Reference: sch 1 cl 151
Character Range: 23949–24634

151  Obligation to assess unsuitability
  A 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 130.
Civil penalty: 2,000 penalty units.