Document ID: chunk:federal_register_of_legislation:C2004A01226:clause:1_1019k:p2
Version: federal_register_of_legislation:C2004A01226
Segment Type: clause
Provision Reference: sch 1 cl 1019K (pt 2/2)
Character Range: 17407–18498

in writing;
 (b) electronically;
 (c) in any other way specified in regulations made for the purposes of this paragraph.
Also, if the regulations require the seller to comply with other requirements in order to exercise that right, those other requirements must be complied with.

 (5) The seller's right under subsection (3) can only be exercised during the period of 30 days starting on the day the contract was entered into.

Effect of exercise of seller's right

 (6) On the exercise of the seller's right under subsection (3), the contract referred to in subsection (1) or (2) is, by force of this section, terminated from that time without penalty to the seller.

Regulations may provide for certain matters

 (7) The regulations may provide for consequences and obligations (in addition to those provided for by subsection (6)) to apply if the seller's right under subsection (3) is exercised.

 (8) The regulations may provide that, in specified circumstances, the amount to be repaid as mentioned in subsection (3) is to be increased or reduced in accordance with the regulations.