Document ID: chunk:federal_register_of_legislation:C2022A00087:clause:4_175aa:p2
Version: federal_register_of_legislation:C2022A00087
Segment Type: clause
Provision Reference: sch 4 cl 175AA (pt 2/2)
Character Range: 42072–43900

the consumer lease:
 (a) a fee or charge that is payable in the event of a default in payment under the consumer lease;
 (b) enforcement expenses of an amount not exceeding the amount which could be recovered by the lessor under subsection 179R(1).

What is the permitted cap?
 (5) The permitted cap for a consumer lease is the sum of the following amounts:
 (a) the base price of the goods hired under the consumer lease;
 (b) the amount worked out by multiplying the base price of the goods hired under the consumer lease by:
 (i) in the case of a consumer lease for a fixed term—0.04 multiplied by the number of whole months of the consumer lease, up to a maximum of 48 months; or
 (ii) in the case of a consumer lease for an indefinite period—1.92;
 (c) the permitted delivery fee (if any) for the consumer lease;
 (d) the permitted installation fees (if any) for the consumer lease;
 (e) the permitted add‑on fees (if any) for the consumer lease.

What is the base price of goods?
 (6) The base price of the goods hired under a consumer lease is the amount worked out in accordance with the regulations.

What is a permitted delivery fee?
 (7) A fee or charge is a permitted delivery fee for a consumer lease if it:
 (a) is for the delivery to the lessee, at the lessee's request, of the goods hired under the consumer lease; and
 (b) is limited to the reasonable cost of delivery of the goods to the lessee.

What are permitted installation fees?
 (8) ASIC may, by legislative instrument, declare that specified fees which relate to installation of particular kinds of goods hired under a consumer lease are permitted installation fees for the lease.

What are permitted add‑on fees?
 (9) ASIC may, by legislative instrument, declare that specified add‑on fees for a consumer lease are permitted add‑on fees for the lease.