Document ID: chunk:federal_register_of_legislation:F2021C00174:reg:3:p4
Version: federal_register_of_legislation:F2021C00174
Segment Type: reg
Provision Reference: reg 3 (pt 4/29)
Character Range: 56633–59382

have decided not to accept the loan.
To cancel the timeshare application: complete the form attached to this statement and send a copy to [responsible entity]. Their details are on the form.
Remember to cancel your loan application: If you have already signed an application with an 'offer to borrow' and you don't want to go ahead with the loan, you also need to notify the lender that you want to withdraw your offer.  You should do this as quickly as possible. If you do not, and the lender accepts your offer, you may have a binding loan contract and may not be able to cancel.

What is this for?
This Timeshare cancellation: 'Subject to finance' notice is for consumers who applied for a loan but did not get a loan or decided not to proceed with their application for the loan. It can be used to cancel a timeshare application after the cooling-off period has ended.
Regardless of whether you applied for a loan or not, you may cancel your timeshare application within the [insert length – for example, '7']-day cooling-off period by completing and sending a 'cooling-off' notice to [responsible entity]. The cooling-off notice is attached to the cooling-off statement and can be found [insert location – for example, 'at the front of your document pack'].

I applied for a loan – How do I cancel?
To cancel your timeshare application under these rights, you need to make sure the loan application is not going ahead (by notifying the lender in the way described in the documentation provided by the lender) and complete the form attached to this statement (the Timeshare cancellation: 'Subject to finance' form on page 2) and send a copy of it to [responsible entity] by one the following:
    * email: [responsible entity's email address];
    * fax: [responsible entity's fax number]; or
    * post: [responsible entity's postal address].

[If responsible entity has a website link that makes it easy for consumers to cancel in accordance with these rights, insert that link – for example 'You can also go to [link] and follow the instructions.']

Acknowledgment
I/We
        acknowledge receipt of this subject to finance notice.
Signatures(s):
Date:

Want to know more about timeshare? Go to www.moneysmart.gov.au

Timeshare cancellation: 'Subject to finance' form

Complete this form and send to [responsible entity] to cancel your timeshare application

To: [name of responsible entity], as responsible entity of [name of time-sharing scheme]
I/We
of address

do not wish to proceed with the application to purchase an interest (timeshare) in the [name of time-sharing scheme] because I/we made an application for finance and have:

    * failed to obtain finance;
    * decided not to go ahead with the loan application and have