Document ID: chunk:federal_register_of_legislation:F2024C00882:schedule:1:p3
Version: federal_register_of_legislation:F2024C00882
Segment Type: schedule
Provision Reference: sch 1 (pt 3/40)
Character Range: 402035–404650

of the hire contract, has—
 (i) failed to keep the goods in good order and repair; or
 (ii) failed to keep the goods insured or registered; or
 (d) the mortgagor has made default in the payment of any instalment or other monetary sum due under the hire contract; or
 (e) the mortgagor has made default in any other obligation under the hire contract which is likely to affect directly the value of the supplier's security; or
 (f) the mortgagor has returned the goods to the supplier, or has given notice in writing to the supplier, that the mortgagor can not continue to observe the obligations imposed by the hire contract.
 5 Nothing in item 4 affects the operation of any statute or any principle of law or equity applicable to the rights and duties of the mortgagor or supplier in relation to each other.

Form 5—Information statement
paragraph 16(1)(b) of the Code
regulation 70 of the Regulations

Things you should know about your proposed credit contract
  This statement tells you about some of the rights and obligations of yourself and your credit provider. It does not state the terms and conditions of your contract.
  If you have any concerns about your contract, contact the credit provider and, if you still have concerns, the AFCA scheme, or get legal advice.

The contract

 1 How can I get details of my proposed credit contract?
  Your credit provider must give you a precontractual statement containing certain information about your contract. The precontractual statement, and this document, must be given to you before—
           * your contract is entered into; or
           * you make an offer to enter into the contract;
  whichever happens first.

 2 How can I get a copy of the final contract?
  If the contract document is to be signed by you and returned to your credit provider, you must be given a copy to keep. Also, the credit provider must give you a copy of the final contract within 14 days after it is made. This rule does not, however, apply if the credit provider has previously given you a copy of the contract document to keep.
  If you want another copy of your contract, write to your credit provider and ask for one. Your credit provider may charge you a fee. Your credit provider has to give you a copy—
           * within 14 days of your written request if the original contract came into existence 1 year or less before your request; or
           * otherwise within 30 days of your written request.

 3 Can I terminate the contract?
  Yes. You can terminate the contract by writing to the credit provider so long as—
           * you have not obtained any credit