Document ID: chunk:federal_register_of_legislation:C2024C00826:section:151
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 151
Character Range: 401570–402255

151  Obligation to assess unsuitability
  A licensee must not:
 (a) enter a consumer lease with a consumer who will be the lessee under the lease; or
 (b) make an unconditional representation to a consumer that the licensee considers that the consumer is eligible to enter a consumer lease with the licensee;
on a day (the lease day) unless the licensee has, within 90 days (or other period prescribed by the regulations) before the lease day:
 (c) made an assessment that:
 (i) is in accordance with section 152; and
 (ii) covers a period in which the lease day occurs; and
 (d) made the inquiries and verification in accordance with section 153.
Civil penalty: 5,000 penalty units.