Sch 1 (National Credit Code), s 179C
In forceOne‑off notice to be given the first time a direct debit default occurs
Volume 2Chapter 7 (sections 323 to 337), Schedule 1, Endnotes
Chapter 7Miscellaneous
Part 7-1Miscellaneous
Division 2Liability of persons for conduct of their agents etc.
179C One‑off notice to be given the first time a direct debit default occurs
(1)
This section applies if:
(a)
a lessee authorises payment of an amount for a consumer lease by direct debit; and
(b)
default occurs; and
(c)
it is the first occasion the default occurs.
(2)
The lessor must give the lessee a notice, complying with this section, within 14 days of the default occurring.
Criminal penalty: 50 penalty units.
(3)
The notice must contain the information prescribed by the regulations.
(4)
Subsection (2) is an offence of strict liability.
Note:
For strict liability, see section 6.1 of the Criminal Code.
(5)
This section does not affect any other requirement under this Code to give a notice.
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