Document ID: chunk:federal_register_of_legislation:C2024C00826:clause:1_179a
Version: federal_register_of_legislation:C2024C00826
Segment Type: clause
Provision Reference: sch 1 cl 179A
Character Range: 1013990–1015205

179A  Statement of amount payable on termination
 (1) A lessor must, at the written request of a lessee, provide a written statement of the amount required to terminate a consumer lease as at such date as the lessee specifies. If so requested, the lessor must also provide details of the items which make up that amount.
 (2) The statement must also contain:
 (a) a statement to the effect that the amount payable to terminate the lease may change according to the date on which it is paid; and
 (b) a statement to the effect that the lessee has no right to own the goods if the lease is terminated; and
 (c) a statement to the effect that the lessee must return the goods to the lessor by a specified date; and
 (d) any other matters prescribed by the regulations.
 (3) A lessor must give a statement, complying with this section, within 7 days after the day the request is given to the lessor.
Criminal penalty: 50 penalty units.
 (4) In the case of joint lessees, the statement need only be given to the lessee who requests the statement and not, despite section 194, to each joint lessee.
 (5) Subsection (3) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.