s 179GA
In forceLimit on amount that may be recovered if there is default under a consumer lease
Division 5Special rules for consumer leases for household goods
179GA Limit on amount that may be recovered if there is default under a consumer lease
(1)
If there is a default in payment under a consumer lease and the regulations prescribe a way of working out a limit on the amount that may be recovered for the default, the lessor must not recover more than the limit for the default.
Civil penalty: 5,000 penalty units.
(2)
Any provision of the lease that confers a greater right is void to the extent that it does so. If an amount is in fact recovered in excess of this limitation, it may be recovered back.
(3)
This section does not apply to enforcement expenses.
Note:
Section 179R deals with enforcement expenses.
53 At the end of Division 10 of Part 11 of the National Credit Code
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