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COMMONWEALTHAct
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Sch 1 (National Credit Code), s 175

Copy of lease etc. for lessee

In force
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 6Compliance and enforcement
Part 6-9Miscellaneous provisions relating to compliance and enforcement
Division 1Introduction

175 Copy of lease etc. for lessee

(1)

A lessor must, within 14 days after entering into a consumer lease, give to the lessee a copy of the consumer lease, together with a statement in the form prescribed by the regulations explaining the rights and obligations of a lessee.

Criminal penalty: 50 penalty units.

(2)

Subsection (1) does not apply if the lessor has previously given the lessee a copy of the consumer lease to keep.

(3)

Subsection (1) is an offence of strict liability.

Note:

For strict liability, see section 6.1 of the Criminal Code.

(4)

Section 194 applies to this section as if references in that section to the credit provider were references to the lessor or a lease broker and as if references in that section to the debtor were references to the lessee.

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