Document ID: chunk:federal_register_of_legislation:C2024C00826:section:145
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 145
Character Range: 387250–388038

145  No profiting from fees etc. paid to third parties

Requirement not to profit
 (1) If, in the course of providing credit assistance to a consumer in relation to a consumer lease, a licensee pays an amount (the third party amount) to another person on behalf of the consumer, the licensee must not request or demand payment of an amount, as reimbursement for the third party amount, that exceeds the third party amount.
Civil penalty: 5,000 penalty units.

Offence
 (2) A person commits an offence if:
 (a) the person is subject to a requirement under subsection (1); and
 (b) the person engages in conduct; and
 (c) the conduct contravenes the requirement.
Criminal penalty: 6 months imprisonment.

Division 6—Prohibition on suggesting, or assisting with, unsuitable consumer leases