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COMMONWEALTHAct
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Sch 1 (National Credit Code), s 175C

Statements of account

In force
Volume 2Chapter 7 (sections 323 to 337), Schedule 1, Endnotes

175C Statements of account

(1)

A lessor must give to the lessee, or arrange for the lessee to be given, periodic statements of account in accordance with this Subdivision.

Criminal penalty: 100 penalty units.

(2)

The maximum period for a statement of account is 12 months.

(3)

A statement of account need not be given if:

(a)

the lessee was in default under the consumer lease during the statement period and the lessor has commenced enforcement proceedings; or

(b)

the lessee has died or is insolvent and the lessee’s personal representative or trustee in bankruptcy has not requested a statement of account.

(4)

Subsection (1) is an offence of strict liability.

Note:

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

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Section 175C — Statements of account — National Consumer Credit Protection Act 2009 (Commonwealth) — Barrister AI