Sch 1 (National Credit Code), s 179VB
In forceUsing postal, telegraphic, telephonic or other like services to enter into a consumer lease for an indefinite period
Volume 2Chapter 7 (sections 323 to 337), Schedule 1, Endnotes
Chapter 7Miscellaneous
Part 1Preliminary
179VB Using postal, telegraphic, telephonic or other like services to enter into a consumer lease for an indefinite period
Requirement
(1)
A lessor must not use postal, telegraphic, telephonic or other like services (within the meaning of paragraph 51(v) of the Constitution) to enter into a consumer lease for an indefinite period if the lessor is not a constitutional corporation.
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: 100 penalty units.
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